Clearwater medical manufacturer sells business segment that made its name famous in surgical suites


    Bovie Medical Corp. has agreed to sell its electrosurgical business and its brand name to Symmetry Surgical Inc. for $97 million.

    The sale will allow Bovie (NYSEMKT: BVX), a medical device manufacturer headquartered in Clearwater, to focus on commercializing its J-Plasma/Renuvion technology in the cosmetic surgery market, Charlie Goodwin, CEO, said in a press release.

    The sale is a milestone moment for Bovie, which is named for Dr. William Bovie, who in 1926 pioneered the use of electric current to make precise cuts with limited blood loss. The company and its products were at one time so dominant in the industry that surgeons referred to their electrosurgery equipment simply as their “Bovie,” Tampa Bay Business Journal reported in a 2006 profile of the company.