Navigation Links
Ancor Acquires WellSpring Pharmaceutical Corporation
Date:11/7/2011

FORT WORTH, Texas, Nov. 7, 2011 /PRNewswire/ -- Ancor Capital Partners is pleased to announce the acquisition of WellSpring Pharmaceutical Corporation, based in Sarasota, Fla., and Toronto, Ontario. WellSpring is a manufacturer and marketer of specialty prescription and over-the-counter (OTC) products in North America.  The company also offers contract manufacturing through its production plant, located in Ontario, Canada.  Ancor teamed with Sentinel Capital and Yukon Capital to complete the transaction.

"WellSpring represents the 15th acquisition of a healthcare company for Ancor and combines our experience in contract manufacturing, pharmaceutical sales and OTC products.  We are very pleased to have teamed with Sentinel and Yukon on this acquisition," said J. Randall Keene, Managing Partner at Ancor Capital Partners.  

"WellSpring is an innovator that provides quality pharmaceutical products and related services across a diverse set of end markets. The opportunity to invest alongside Ancor was also a strong incentive for us," said Eric D. Bommer, Partner at Sentinel. "We believe WellSpring is well positioned to accelerate its growth, and we look forward to working with its management team and Ancor in taking WellSpring to the next level."  

Dr. Robert A. Vukovich, WellSpring's Founder, President and CEO, reinvested in the business and will remain on the company's Board of Directors.  Additionally, Ms. Bonnie Feeney and Ms. Wendy Shusko have reinvested in the transaction and will both continue as a part of the senior management team of WellSpring. Wendy Shusko is Chief Financial Officer and Chief Operating Officer of WellSpring Pharmaceutical Corporation USA.

"Under our new ownership with Ancor and Sentinel, we believe we can achieve the aggressive growth opportunities in the market and deliver medicines and products of the highest quality to those who need them," said Ms. Shusko.

Ms. Feeney, President and Chief Operating Officer of WellSpring Pharmaceutical Canada Corp. is responsible for overseeing the manufacturing operation of the primary production facility located in Oakville, Ontario, Canada.  Ms. Feeney commented, "This transaction allows us to continue to utilize our state of the art manufacturing facility in Canada through a new phase of growth."

Ancor Capital Partners, based in Fort Worth, Tex., is an operations-oriented private equity firm focused on lower middle-market manufacturing and distribution companies with EBITDA of $5-$15 million. Extensive operational experience gives the Ancor team a unique understanding of the critical business issues faced by lower middle-market companies.  Ancor's proven track record includes 29 acquisitions to date in health care, consumer and other industries.  For more information about Ancor, visit www.ancorcapital.com.

Sentinel Capital Partners specializes in buying and building lower middle-market companies in the United States and Canada in partnership with management.  Sentinel targets eight industry sectors: aerospace / defense; business services; consumer products / services; distribution; food / restaurants; franchising; healthcare products / services, and; industrial manufacturing.  Sentinel invests in management buyouts, purchases of family businesses, recapitalizations, corporate divestures, and going-private transactions of established businesses with EBITDA between $7 and $35 million. For more information about Sentinel, visit www.sentinelpartners.com.

WellSpring Pharmaceutical Corporation, a privately-held company headquartered in Sarasota, Florida, manufactures and distributes prescription drugs and OTC brands through pharmaceutical distributors, wholesalers, and major food and drug retailers. WellSpring also manufactures pharmaceuticals for other drug companies on a contract basis in its production facility in Ontario, Canada. For more information about WellSpring, visit www.wellspringpharm.com.Contact:Brook M. Smith, Managing DirectorAncor Capital817-509-5242bsmith@ancorcapital.com
'/>"/>

SOURCE Ancor Capital Partners
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. WuXi PharmaTech Acquires China-Based Clinical Research Services Companies
2. Par Pharmaceutical Acquires Three Generic Products From Teva Pharmaceuticals
3. AMETEK Acquires Reichert Technologies
4. Cynosure Acquires Worldwide Exclusive Rights to Distribute PinPointe™ FootLaser™ for Treatment of Onychomycosis
5. McNEIL-PPC, Inc. Acquires Full Ownership of the Johnson & Johnson-Merck Consumer Pharmaceuticals Co. Joint Venture
6. Ariel Pharmaceuticals, Inc. Acquires Novel Compound for Acute Migraine
7. ImpactRx Acquires TargetRx
8. Frontier Scientific Services, Inc. Acquires the Assets of ASDI, Inc.
9. MD On-Line Acquires Strategic Edge Communications, Expands Provider Offerings to Include Pharmaceuticals
10. Hill-Rom Acquires Liko France and Switzerland
11. vRad Acquires Diagnostic Imaging Inc. and Merges On-Site Radiology Practice into Growing National Network
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... ANDOVER, Mass. and SAN CLEMENTE, Calif. ... California -based mobile pulmonary function testing company, is now ... portable PFT devices developed by ndd Medical Technologies , Inc. ... PFT testing done in hospital-based labs.  Thanks to ndd,s EasyOne PRO ... CA , can get any needed testing done in the ...
(Date:6/24/2016)... , Belgium , June ... MKT: VNRX), today announced the appointment of Dr. ... of Directors as a Non-Executive Director, effective June ... Company,s Audit, Compensation and Nominations and Governance Committees.  ... Dr. Futcher will provide independent expertise and strategic ...
(Date:6/23/2016)... Any dentist who has made an implant supported ... Many of them do not even offer this as a ... laboratory costs involved. And those who ARE able to offer ... high cost that the majority of today,s patients would not ... Zadeh , founder of Dental Evolutions Inc. and inventor of ...
Breaking Medicine Technology:
(Date:6/26/2016)... , ... June 26, 2016 , ... PawPaws brand ... new product that was developed to enhance the health of felines. The formula is ... The two main herbs in the PawPaws Cat Kidney Support Supplement Soft ...
(Date:6/26/2016)... Orion, Clarkston, Michigan (PRWEB) , ... June 26, ... ... with respect to fertility once they have been diagnosed with endometriosis. These women ... intercourse but they also require a comprehensive approach that can help for preservation ...
(Date:6/25/2016)... , ... June 25, 2016 , ... Austin residents seeking ... American College of Mohs Surgery and to Dr. Russell Peckham for medical and surgical ... effective treatment for skin cancer. The selective fellowship in Mohs Micrographic Surgery completed by ...
(Date:6/25/2016)... California (PRWEB) , ... June 25, 2016 , ... "With ... fit their specific project," said Christina Austin - CEO of Pixel Film Studios. ... customizable and all within Final Cut Pro X . Simply select a ProHand ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... As a ... Magna Cum Laude and his M.D from the David Geffen School of Medicine at ... returned to Los Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars ...
Breaking Medicine News(10 mins):