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:9/1/2018)... ... 01, 2018 , ... Dr. Payam Bostani is now offering Periodontal Osseous (bone) ... been offering patients for twenty years at his Burbank offices. “My goal has ... to need under a single roof. Periodontics is a crucial specialty because our gums ...
(Date:8/31/2018)... , ... August 31, 2018 , ... ... Health, a national company with 22 years of expertise in delivering comprehensive wellness ... Behavior Data Challenge (HBDC).  , Onlife Health will receive a $40,000 grand prize ...
(Date:8/31/2018)... ... 2018 , ... After a summer of frequently going barefoot ... , “Prolonged weeks of going barefoot and wearing non-supportive and protective footwear can ... Howard, DPM. , “Heel pain and arch pain rank amongst the most common ...
Breaking Medicine Technology:
(Date:9/7/2018)... ... September 07, 2018 , ... The OSHA Training Institute ... OTI Education Center headquartered in Northern California, is shining a spotlight on OSHA’s ... retaliation in response to engaging in activity protected under 22 whistleblower statutes. Protected ...
(Date:9/2/2018)... ... September 02, 2018 , ... Eaton Hotel in Washington, ... hotel itself, which opened this week, inspires creativity and innovation among its guests, ... Eaton Hotel DC currently features 209 hotel rooms, a wellness center, a radio ...
(Date:9/1/2018)... ... September 01, 2018 , ... ... the International Veterinary Academy of Pain Management (IVAPM) that aims to encourage pain ... (TVMA) is partnering with IVAPM by educating pet owners of the many forms ...
(Date:8/31/2018)... ... August 31, 2018 , ... The social impact documentary ... CSUN Psychology Professor and NIH-funded researcher Luciana Lagana, aka Dr. Luciana, has ... the Action on Film International Film Festival, IndieFEST Film Awards, Shawna Shea Memorial Film ...
(Date:8/31/2018)... ... 31, 2018 , ... NJ Top Docs proudly presents board ... Savon has been active in gastrointestinal research for many years while South Jersey ... diseases and disorders for the past 25 years. , Recently, Dr. Savon has ...
Breaking Medicine News(10 mins):