Warburg Pincus acquires B&L

Rochester, NY-Warburg Pincus has completed its acquisition of Bausch & Lomb (B&L) for a total purchase price of approximately $4.5 billion, including nearly $830 million of debt.

"With a strong and supportive partner in Warburg Pincus, we are well positioned to create new opportunities for Bausch & Lomb and advance our leadership in the eye health industry," said Ronald L. Zarrella, chairman and chief executive officer of B&L.

Elizabeth H. Weatherman, a Warburg Pincus managing director, said, "We're delighted to be partners with B&L. We look forward to helping the company build upon its rich heritage and premier brand in ophthalmology."