Navigation Links
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 RoundTable's $500 million Fund II, and generated a return of more than four times invested equity capital for our investors."

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 $1.9 billion in capital, including three equity funds totaling $1.5 billion and two subordinated debt funds totaling $400 million.  More information about RoundTable Healthcare Partners can be found at www.roundtablehp.com.


'/>"/>
SOURCE RoundTable Healthcare Partners
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. RoundTable Healthcare Partners Portfolio Company, Renaissance Acquisition Holdings, LLC Acquires DPT Laboratories
2. New Legislation To Make USPSTF More Transparent: Prostate Cancer Roundtable Supports Reform
3. Vibra Healthcare Announces Agreement To Manage Two Acute Rehabilitation Hospitals
4. eCardio Supports the Carolinas HealthCare Foundation Through Grant for Heart Of A Champion Day
5. TSI Healthcare adds Arthritis and Rheumatology Associates of Palm Beach to growing list of Rheumatology Clients
6. ViiV Healthcare Expands Commitment to Addressing Gaps in Paediatric HIV Research, Care and Treatment
7. Berkery Noyes Releases First Half 2012 M&A Report For the Healthcare/Pharma Information and Technology Industry
8. Carolinas HealthCare System and Edison Nation Collaborate to Drive Medical Innovation and Technology
9. Imaging Healthcare Specialists Among the First in the Nation to Offer Imaging Diagnosis for Alzheimers Disease
10. Shionogi-ViiV Healthcare announces positive initial data from phase III study of dolutegravir-based regimen vs Atripla in HIV
11. Telemedicine, Teleradiology, and Telemonitoring Look Like Winners in the New Healthcare Economy
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/4/2016)... Feb. 4, 2016  Edwards Lifesciences Corporation (NYSE: ... structural heart disease and critical care monitoring, announced today ... (ASR) agreement with Morgan Stanley & Co. LLC to ... is part of the Company,s previously authorized program to ... stock.  --> --> ...
(Date:2/4/2016)... , Feb. 4, 2016 Wegener ... Global Markets Direct,s, ,Wegener Polyangiitis - Pipeline ... Wegener Polyangiitis,s therapeutic pipeline. This report provides ... Polyangiitis, complete with comparative analysis at various stages, ... (MoA), route of administration (RoA) and molecule type, ...
(Date:2/4/2016)... -- Omnicell, Inc. (NASDAQ: OMCL ), a leading provider of ... announced results for its fiscal year and fourth quarter ... --> GAAP results: Revenue for the fourth quarter ... 4.1% from the third quarter of 2015, and up ... 2014. Revenue for the year ended December 31, 2015 was ...
Breaking Medicine Technology:
(Date:2/5/2016)... ... February 05, 2016 , ... Looking for a last-minute Valentine’s Day ... tips of your toes. Foot massage, whether administered by a professional masseuse or a ... The American Board of Multiple Specialties in Podiatry (ABMSP) has taken the ...
(Date:2/5/2016)... Florida (PRWEB) , ... February 05, 2016 , ... ... non-profit organization devoted exclusively to funding innovative lymphoma research and serving the lymphoma ... – is poised to once again host, Swirl, A Wine Tasting Event at ...
(Date:2/5/2016)... ... 05, 2016 , ... The American public tends to feel uncomfortable about drinking ... regular municipal or well water. The recent experience with lead contaminated water in Flint, ... long way toward increasing public acceptance of recycled waste water as drinking water. ...
(Date:2/5/2016)... ... February 05, 2016 , ... Boar’s Head Brand®, one of the ... this weekend’s Big Game. Take the stress out of your party preparation – follow ... happy at every stage of the game. , “The key to hosting a successful ...
(Date:2/5/2016)... (PRWEB) , ... February 05, 2016 , ... Dr. Justin ... announce their 2nd Annual No Cost Dental Day to individuals in need. The event ... purpose of this No Cost Dental Day is to provide dental care to community ...
Breaking Medicine News(10 mins):