Optim buys a business

Optim LLC, a maker of optical imaging tools, has acquired a small startup called Precision Endoscopic Technologies. The acquisition will allow Optim to expand into the field of gastrointestinal endoscopy.

Precision makes a patented infrared coagulation system for the treatment of hemorrhoids. Precision Endoscopic Technologies LLC will become a division of Optim and will share Optim's headquarters at 64 Technology Park Road in Sturbridge.

Optim said the acquisition will allow it to transition from a purely diagnostic endoscope company to a company that provides both diagnostic and therapeutic endoscopic capabilities.
Terms of the acquisition were not disclosed.

“With over 4 million new cases of hemorrhoids reported each year, we believe that Precision will lead the way in providing a better quality of life for those suffering from this often painful condition,” Optim President Thomas V. Root said in a news release.

Lisa Skowyra, marketing associate at Optim, said Optim plans to market and sell Precision's hemorrhoid treatment system. She said Precision has about two employees, who will move to Sturbridge. One of them is Dr. Michael Epstein of Annapolis, Md., who invented the Precision system.

Sturbridge-based Optim, which is privately held, has about 55 employees.