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RoundTable Healthcare Partners Announces Sale of Aspen Surgical Products Holding, Inc. to Hill-Rom Holdings, Inc.
Date:7/26/2012

LAKE FOREST, Ill., July 26, 2012 /PRNewswire/ -- RoundTable Healthcare Partners ("RoundTable"), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today the sale of Aspen Surgical Products Holding, Inc. ("Aspen") to Hill-Rom Holdings, Inc. ("Hill-Rom") for $400 million in cash. Hill-Rom is a worldwide manufacturer and provider of medical technologies and related services for the healthcare industry.

Aspen manufactures disposable medical products focused primarily on staff and patient safety in the operating room and sterile processing department. The company's direct sales force sells a portfolio of innovative products sold under highly-recognized brands, such as Bard-Parker™ surgical blades and scalpels and Colby fluid collection products. RoundTable acquired a majority interest in Aspen in August 2006.

"Aspen's management team did a tremendous job of building a portfolio of market-leading products that enable hospitals and surgery centers to reduce preventable medical errors and costs while also improving the quality of care," said Joseph F. Damico, a Founding Partner and Co-Chairman of RoundTable. "We believe that Hill-Rom will be a strong strategic partner for the company, its employees and customers going forward."

Dan Bowen, Aspen's original founder and a minority shareholder prior to the sale to Hill-Rom, added "I initially chose to partner with RoundTable because of their proven ability to add value to their portfolio companies. Their access to management, ability to attract new customers, and support in identifying and executing add-on opportunities was instrumental to Aspen achieving its success." 

"By utilizing our operating expertise and partnering with our portfolio companies, RoundTable is able to drive significant value," said Lester B. Knight, Founding Partner and Co-Chairman of RoundTable. "This transaction marks the second portfolio realization for Ro
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SOURCE RoundTable Healthcare Partners
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