AWindham maker of medical optics and digital imaging systems, Lighthouse Imaging LLC, has been acquired by a Massachusetts company for $7.85 million in cash and stock.

Precision Optics Corp. Inc. (OTCQB: PEYE) purchased Lighthouse from Anania & Associates Investment Co., a Windham-based private equity firm, for $2.85 million and 2.5 million shares of stock, according to a news release Tuesday. In addition, Anania may receive potential payments of up to $1.5 million based on certain earnings provisions over the next two years. Read more