Navigation Links
RoundTable Healthcare Partners Leads Portfolio Company Add-On Acquisition
Date:2/27/2009

Aspen Surgical Completes Acquisition of Wound Care and Ophthalmics Business of Unomedical Ltd.

LAKE FOREST, Ill., Feb. 27 /PRNewswire/ -- RoundTable Healthcare Partners ("RoundTable"), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today that its portfolio company Aspen Surgical Products Holding, Inc. ("Aspen") completed the acquisition of the Wound Care and Ophthalmics business of Unomedical Limited ("Unomedical") based in Redditch, U.K. Unomedical markets a portfolio of branded advanced woundcare products through a direct salesforce primarily in the U.K., as well as throughout Europe and into the United States. Unomedical is also one of the top global producers of ophthalmic cannulae and specialty needles. The business will continue to be operated by a strong management team in the U.K., led by Managing Director Gareth Wood. Financial terms of the transaction were not disclosed.

"The Unomedical acquisition presents Aspen with an opportunity to strategically grow our business," said Greg Pritchard, Chief Executive Officer of Aspen. "Their highly regarded brands will enhance our advanced woundcare offering, and will provide us with an opportunity to expand the distribution of our products within Europe. This acquisition, coupled with Aspen's existing Ultracell product line, will position Aspen to be a leading provider of ophthalmic surgical products."

"Unomedical is another example of a complementary acquisition made by Aspen," said Joseph F. Damico, a Founding Partner of RoundTable and Chairman of the Board of Aspen. "This acquisition is an excellent fit with the broader strategy of building a medical and surgical product platform. Unomedical will extend Aspen's international sales reach and increase the depth of their product portfolio."

Unomedical represents the fifth transaction for Aspen since 2007. Previously, Aspen acquired Ultracell Medical Technologies, Inc., manufacturer of PVA and cellulose Ophthalmic and ENT products, and Colby Manufacturing, maker of single-use fluid management and infection control products. Aspen also acquired Precision Dynamics Corporation's Skin and Lab Marker Product Line and Entaco Limited's Surgical Needle Business. With these acquisitions, Aspen has strengthened its product portfolio across several categories including Instrument Care, Patient and Staff Safety, Woundcare, O.R. Accessories, and Ophthalmic/ENT.

In addition to assisting Aspen management in the evaluation and execution of this acquisition, RoundTable financed the transaction with incremental equity and subordinated debt investments. The equity investment was from RoundTable's $500 million Fund II, while the debt was sourced from the $200 million captive subordinated debt fund (the "Capital Fund"), which makes subordinated debt investments alongside the investments of RoundTable's equity funds. Importantly, RoundTable was able to execute the transaction without relying on any third party financing, which provided greater certainty given current market conditions.

About RoundTable Healthcare Partners

RoundTable Healthcare Partners, Lake Forest, IL, is an operating-oriented private equity firm focused exclusively on the healthcare industry. RoundTable partners with companies that can benefit from its extensive industry relationships and proven operating and transaction expertise. RoundTable has established a successful track record of working with owner/founders, family companies, management teams, entrepreneurs, and corporate partners who share a vision and believe in the value creation potential of its partnership model. RoundTable currently manages $1.1 billion in capital, including two equity funds totaling $900 million and a subordinated debt fund of $200 million. More information about RoundTable Healthcare Partners can be found at www.roundtablehp.com.

About Aspen

Aspen Surgical Products, Inc. ("Aspen"), based outside Grand Rapids, Michigan, is a leading manufacturer and marketer of disposable medical products for surgical and general healthcare applications. Major products include surgical needles, surgical skin markers, disposable light handles, instrument guards, anti-fog solutions, fluid management products, and ophthalmic/ENT sponge products. Aspen has strong brand recognition, including the Richard-Allan, Sterion(R), and Ultracell(R) brand names. The Company's products are sold through leading distributors as well as direct to hospitals and surgery centers. Aspen currently operates out of approximately 100,000 square feet of recently constructed facilities. More information about Aspen can be found at www.aspensurgical.com.


'/>"/>
SOURCE RoundTable Healthcare Partners
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. International Panel of Experts Gather for Roundtable Consensus Regarding Multiple Myeloma Related Disease
2. RoundTable Healthcare Partners Names Sandy Thompson as Senior Transaction Advisor
3. Bioniche Invited to Participate in Canadian Beef Value Chain Roundtable
4. DSM Joins the American Chemical Society Green Chemistry Institute(R)s Pharmaceutical Roundtable
5. GPhA Statement on FTC Roundtable on Biogenerics
6. KePROs Chief Medical Officer to Present and Participate in Physician Roundtable at McKesson Health Solutions Conference
7. Health Insurance Industry Hosts Roundtable Discussion on Health Care Reform in Albuquerque
8. Blue Shield of California CEO to Speak at Democratic Convention Host Committees Health Roundtable in Denver
9. Caliper Life Sciences to Present at Leerink Swanns 3rd Annual Life Science Tools Roundtable Conference
10. Vermillion to Host Live Roundtable Discussion With Lead Investigator of its Peripheral Artery Disease Diagnostic Test Program
11. Privacy Experts Roundtable Report Will Highlight Privacy & Security Week
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... The Visiting Nurse Association ... Featuring a collection of specialty vendors and unique items from across the nation, this ... health and wellness services offered by the VNA. The boutique will be open ...
(Date:10/13/2017)... ... October 13, 2017 , ... Coveros, ... Development, has been awarded a contract by the Center for Medicare and Medicaid ... to accelerate the enterprise use of Agile methodologies in a consistent and high ...
(Date:10/12/2017)... ... 2017 , ... Planet Fitness, one of the largest and fastest growing franchisors ... a flagship location in Covington, LA at 401 N. U.S. Highway 190, in January ... Office Depot in the Holiday Square shopping center. Its location allows it to serve ...
(Date:10/12/2017)... ... October 12, 2017 , ... Information ... we intend to develop to enable prevention of a major side effect of ... loss, especially in pediatric patients. For cisplatin, hearing loss is FDA listed on-label ...
(Date:10/12/2017)... ... 12, 2017 , ... Women-owned and Grand Rapids-based workplace wellness ... in Wellness® by Best and Brightest. OnSite Wellness will be honored at the ... 7:30 a.m. to 2 p.m. at the Henry Autograph Collection Hotel, located at ...
Breaking Medicine News(10 mins):
(Date:10/10/2017)... EXTON, Pa. , Oct. 10, 2017   ... leader in innovative solutions for injectable drug administration, today ... of West,s ID Adapter for improving the intradermal administration ... the Fourth Skin Vaccination Summit in May 2017 by ... Team Lead, Polio Department, World Health Organization (WHO), and ...
(Date:10/5/2017)...  In response to the nationwide opioid epidemic, ... (AAOMS) released prescribing recommendations that urge ibuprofen – ... a first-line therapy to manage a patient,s acute ... Recognizing the value and importance of the ... Acute and Postoperative Pain Management" stresses that practitioners ...
(Date:10/4/2017)...  According to the Centers for Disease Control and Prevention (CDC), ... Urgent Care is helping communities across Massachusetts , ... offering no-cost* flu shots through the end of the month. ... regulations. ... a flu shot is by the end of October, according to the ...
Breaking Medicine Technology: