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Avista Capital Partners Announces a Majority Investment in Vertical Pharmaceuticals and Trigen Laboratories
Date:12/16/2013

NEW YORK and SAYREVILLE, N.J., Dec. 16, 2013 /PRNewswire/ -- Avista Capital Partners ("Avista"), a leading private equity firm, and Vertical / Trigen Holdings ("Vertical / Trigen" or "the Company"), which owns Vertical Pharmaceuticals and Trigen Laboratories, today announced that Avista has acquired a controlling equity interest in Vertical / Trigen. Avista is partnering with co-founders Steven Squashic, Kevin Hudy, and David Purdy, who will remain in place and retain a significant minority ownership stake in the Company. Moving forward, both Vertical and Trigen will continue to offer their full existing product lines as the Company pursues new opportunities for strategic growth. The terms of the transaction were not disclosed.

Vertical / Trigen is a specialty pharmaceutical company engaged in the development, marketing, and distribution of both branded and generic prescription pharmaceuticals in the United States. Vertical, the segment of the Company focused on branded pharmaceuticals, specializes in women's health, pain management, and respiratory and allergy medications. Its brands include OB Complete, Corvite, ConZip, and Lorzone and are marketed by a dedicated national sales force. Trigen, the generic pharmaceutical arm of the Company, markets over 70 unique formulations in the prenatal, hematinic (iron) supplement, and cough/cold remedy markets, with over 30 products currently in its pipeline. Trigen utilizes a deep network of commercial, regulatory, and product development partners to complement internal expertise in building out its pipeline and ultimately bringing products to market.

In connection with the acquisition, Brian Markison, a Healthcare Industry Executive at Avista, has joined the Company's Board of Directors as Executive Chairman. Mr. Markison has more than
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SOURCE Avista Capital Partners
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