Navigation Links
RoundTable Healthcare Partners Announces Sale of Ascent Healthcare Solutions to Stryker Corporation
Date:12/1/2009

LAKE FOREST, Ill., Dec. 1 /PRNewswire/ -- RoundTable Healthcare Partners, an operating-oriented private equity firm focused exclusively on the health-care industry, announced today that it has entered into a definitive agreement to sell one of its portfolio companies, Ascent Healthcare Solutions ("Ascent") to Stryker Corporation ("Stryker"), one of the world's leading medical technology companies, for $525 million in cash. Prior to closing, Ascent will distribute $35 million of cash from its balance sheet to its shareholders, taking the total proceeds from the sale to approximately $560 million. The closing is conditional on regulatory approval and other customary closing conditions.

Ascent is the leading independent third-party reprocessor of single-use medical devices in the healthcare industry. It was created through a merger of Vanguard Medical Concepts, Inc. ("Vanguard") and Alliance Medical Corporation in December 2005. RoundTable acquired a majority interest in Vanguard in September 2001.

"RoundTable's initial investment in Vanguard was driven by our belief that the reprocessing of medical devices would produce significant cost savings for hospitals and divert thousands of pounds of medical waste from landfills," said Joseph F. Damico, a Founding Partner of RoundTable and the Chairman of the Board of Ascent. "John Grotting and the management team have taken this concept and become the market leaders, growing revenue and profitability by expanding their product offerings and increasing their customer base to over 1800 hospitals and numerous Group Purchasing Organizations throughout North America."

"RoundTable has been an exceptional partner," said John Grotting, CEO of Ascent. "Their industry relationships and operating expertise have helped us to strategically position our business and accelerate our sales and profitability. Their transaction expertise was instrumental in consummating our new partnership
'/>"/>

SOURCE RoundTable Healthcare Partners
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2

Related medicine technology :

1. Deloitte and Nonprofit Roundtable Host Real-World Disaster Exercise as Next Step in Developing Preparedness Plan for Greater Washington Region
2. Justice Department Will Not Oppose CEO Roundtable on Cancers Proposal
3. Roundtable Calls Presidents Embryonic Stem Cell Decision: Bankrupt
4. BARC Central Laboratory Joins Alzheimers Association Research Roundtable
5. Harvard Medical School-Partners HealthCare Center for Genetics and Genomics Successfully Completes Evaluation of AutoGenomics 2C9-VKORC1 Panel to Assess Warfarin Sensitivity
6. Harvard Medical School-Partners HealthCare Center for Genetics and Genomics Successfully Completes Evaluation of AutoGenomics 2C9-VKORC1 Panel to Assess Warfarin Sensitivity
7. ViroPharma to Present at Three Upcoming Healthcare Conferences
8. AIDS Healthcare Foundation Names Homayoon Khanlou, M.D. as its Chief of Medicine, U.S.
9. CEL-SCI CEO to Present Tomorrow at the Biotech / Pharma / Healthcare On-Line Forum
10. Tablet PC Technology Helps Doctors and Patients Focus on Chemotherapy Side Effects, According to Thomson Healthcare Study
11. Novavax CEO to Present at ACUMENBioFins 9th Annual Healthcare Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/28/2014)... 2014  Array BioPharma Inc. (Nasdaq:   ARRY) ... quarter and full year of fiscal 2014 ... those results on Tuesday, August 12, 2014.  ... Michael Carruthers , Chief Financial Officer will ... 2014Time:9:00 a.m. Eastern TimeToll-Free:(800) 708-4540Toll:(847) 619-6397Pass Code: ...
(Date:7/28/2014)...  Houston dentist , Dr. Behzad ... with Invisalign. With access to this increasingly popular ... straightened without feeling self-conscious in the process. Invisalign ... types of braces, but patients who choose Invisalign ... better support for their oral health and comfort ...
(Date:7/28/2014)... , 28 luglio 2014 ResMed (NYSE: ... prodotti per la cura dei disturbi respiratori del sonno ... avuto un,ingiunzione permanente in Germania contro il produttore Taiwanese ... la vendita di apparecchiature da indossare in testa, che ... le maschere 220. La sentenza della Corte Regionale Distrettuale ...
Breaking Medicine Technology:Houston Cosmetic Dentist, Dr. Behzad Nazari, Now Offers Orthodontic Treatment with Invisalign 2ResMed riceve un'ingiunzione permanente contro APEX in Germania, continua a far valere i propri diritti per i brevetti in Europa 2
(Date:7/28/2014)... Abington, PA (PRWEB) July 28, 2014 ... solutions provider for the healthcare industry, went live in ... and surpassed the basic standards of excellence that comprise ... specifically for excellence in Healthcare. , “What pleases me ... both the content and usability categories,” said Joshua Snow, ...
(Date:7/28/2014)... (PRWEB) July 28, 2014 A St. ... of adult survivors of childhood cancer more than doubled ... problems by failing to follow a heart-healthy lifestyle. The ... Cancer. , Almost 32 percent of the 1,598 adult ... syndrome, an umbrella term for health risk factors like ...
(Date:7/28/2014)... University is proposing a new theory to explain why ... don,t necessarily show declines in the workplace or daily ... adults are to maintain focus on cognitive tasks. , ... difference we see in cognitive performance in different settings," ... NC State and author of a paper describing the ...
(Date:7/28/2014)... Northridge, CA (PRWEB) July 28, 2014 ... a $100 coupon for new patients. Finding a new dentist ... anxiety or dental issues that have gone untreated and worry ... provider. Dr. Ariz specializes in patients with special concerns and ... patients feels comfortable and right at home. This special coupon ...
(Date:7/28/2014)... Freeonlinelifeinsuranceleads.com has released a new blog ... insurance quotes. , Comparing life insurance quotes can help ... costs. Finding affordable coverage is easier online by visiting ... agencies and displays them on a single web page. ... find cheaper coverage, but they can also learn more ...
Breaking Medicine News(10 mins):Health News:Abington Health Website Named Best in Class 2Health News:Unhealthy Habits More than Double Risk of Metabolic Syndrome in Childhood Cancer Survivors 2Health News:Unhealthy Habits More than Double Risk of Metabolic Syndrome in Childhood Cancer Survivors 3Health News:Unhealthy Habits More than Double Risk of Metabolic Syndrome in Childhood Cancer Survivors 4Health News:Motivation explains disconnect between testing and real-life functioning for seniors 2Health News:Northridge Dentist, Dr. Farshid Ariz, is Now Offering a $100 Coupon for New Patients 2Health News:Comparing Life Insurance Quotes Online Offers 3 Important Advantages! 2
... suggests higher cost-sharing for outpatient visits may increase overall ... co-pays for doctor visits and other outpatient care reduces ... have the unintended consequence of sharply increasing hospitalizations, a ... up inflating overall health-care spending and put vulnerable elderly ...
... , OMAHA, Neb. , Jan. 27 ... new frozen meals for its Cafe Steamers, All ... When faced with lunch and dinner meal decisions, especially in the ... on track, and are not only healthy but also offer variety ...
... Significant Milestone Toward Close of Transaction , TORONTO , ... NYSE: MDZ ), a leading provider of products ... that the Company has received provisional anti-trust approval from the ... of MDS Analytical Technologies to Danaher Corporation ( DHR). , ...
... Adults with chronic rhinosinusitis a debilitating inflammation of the ... back report significantly improved quality of life following ... study led by Oregon Health & Science University (OHSU). ... Otolaryngology Head and Neck Surgery . ...
... from younger mice, researchers found , WEDNESDAY, Jan. 27 (HealthDay ... stem cells in the blood act like young stem cells, ... aging process. , Taking certain factors from the blood of ... stem cells take on the characteristics of younger stem cells. ...
... ... and sports heroes have made headline news with their affairs, lies, and scandals. While ... tawdry details of the betrayers, the spotlight is rarely on the individuals striving to ... the shadows of their betrayers. , ...
Cached Medicine News:Health News:Raising Co-Pays for Doctor Visits Raises Seniors' Hospital Use 2Health News:Raising Co-Pays for Doctor Visits Raises Seniors' Hospital Use 3Health News:Healthy Choice Shatters the Winter Mealtime Rut With 11 Delicious New Frozen Entrees 2Health News:Healthy Choice Shatters the Winter Mealtime Rut With 11 Delicious New Frozen Entrees 3Health News:Surgery helps chronic sinusitis sufferers get relief 2Health News:Aging of Blood Stem Cells May Be Reversible 2Health News:The True Hero Stands in the Shadow of the Betrayer 2
... available in oxygen, air, heliox and CO 2 . ... to best suit your application. With color coded labels ... Amvex Flowmeter is a user friendly device., ,For ... Take-Off add PT to the end of the part ...
0-3.5 LPM Oxygen Flowmeter with Ohmeda male inlet...
0-3.5 LPM Oxygen Flowmeter 1/8" NPT Female inlet...
0-15 LPM Oxygen Flowmeter with Ohmeda male inlet...
Medicine Products: