Navigation Links
RoundTable Healthcare Partners Leads Portfolio Company Add-On Acquisition

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

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

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:
(Date:6/27/2016)... ... June 27, 2016 , ... ... authorized OSHA Training Institute Education Center headquartered in Northern California, has issued an ... extreme heat at their worksites. Employers with workers exposed to high temperatures ...
(Date:6/27/2016)... ... , ... "FCPX editors can now reveal their media with growing colorful split ... Austin - CEO of Pixel Film Studios. , ProSlice Color brings the split ... now reveal the media of their split screens with growing colorful panels. , ProSlice ...
(Date:6/27/2016)... ... June 27, 2016 , ... ... health professionals, announced today its affiliation with Tennessee Counseling Association. This ... the network of the Tennessee Counseling Association, adding exclusive benefits and promotional offers. ...
(Date:6/27/2016)... Lafayette, California (PRWEB) , ... ... ... a pioneer in the patient payment industry today announced its strategic partnership ... and health system workflows. , The two companies’ proven, proprietary technology combine ...
(Date:6/27/2016)... ... 27, 2016 , ... A revolution is underway. Brooklyn-based ... experience for the millions of people who require these medical transport services annually. ... through the use of technology. Now, SmartEMS has put forth an industry-changing app ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... Australia,s successful biotechnology scientists, Dr Graham ... Noxopharm Limited [ABN 50 608 966 123] ("Noxopharm"). Noxopharm is seeking ... ASX. Noxopharm is a clinic-ready company with its first ... study later this year. NOX66 ... cancer patients - the ability of cancers to become resistant to ...
(Date:6/26/2016)... Jazz Pharmaceuticals plc (Nasdaq: JAZZ ... Antitrust Improvements Act of 1976, as amended ("HSR"), with ... ("Celator"; Nasdaq: CPXX ) expired effective June ... As previously announced on May 31, 2016, Jazz ... under which Jazz Pharmaceuticals has commenced a tender offer ...
(Date:6/26/2016)... , June 27, 2016  VMS Rehab Systems, Inc. ... will take whatever measures required to build a strong ... which is currently listed on the OTC Markets-pink current ... Chairman and CEO, "We are seeing an anomaly in ... understand, not only by the Company, but shareholders and ...
Breaking Medicine Technology: