A photon for all practical purposes is a quanta of electromagnetic energy.
The energy difference between bound states must be carried away, and the process is by the release (or perhaps creation is more accurate) of a photon, which carries away that exact energy.
Lasers don't exactly excite atoms until they emit light so much as they force atoms in to the same state and then cascade off the energy by releasing a large amount of photons simultaneously. You're right though, it does not ionize (if it did then it would be reasonable to think its an electron).
Maybe what you're getting caught up on is you're forcing in your mind a conservation of particle number. In the real world, you have 2 apples and 3 bananas you throw them around and you'll still end up with 2 apples, 3 bananas. In particles, you toss around some electrons, neutrons and protons you don't always have the same things. You can end up with pions, neutrinos, and photons among others. Colliders between two protons can actually produce a 3rd proton and a 4th particle -- anti-proton. It depends on what energy is involved here. Since photon is 0 mass, it can be produced any time that an electromagnetic process is involved that results in the change of energy and does not alter charge (this would require the weak force, or the energy is carried away in electron anti-electron neutrino pairs, for example).