Navigation Links
RoundTable Healthcare Partners Portfolio Company, Argon Medical Devices, Inc., Acquires Critical Care and Extended Dwell Catheter Product Platforms From BD

LAKE FOREST, Ill., Oct. 4 /PRNewswire/ -- RoundTable Healthcare Partners ("RoundTable"), an operating-oriented private equity firm focused exclusively on the health-care industry, announced today that its portfolio company, Argon Medical Devices, Inc. ("Argon"), has acquired the critical care and extended dwell catheter product platforms consisting of blood pressure monitoring devices, and central venous, pulmonary artery and extended dwell catheters from BD (Becton, Dickinson and Company).  Argon is a global manufacturer and marketer of single-use specialty medical devices for procedures in Interventional Radiology, Interventional Cardiology, and Critical Care.

The acquisition of the Critical Care and Extended Dwell Catheter product platforms further positions Argon as a leading provider of vascular access products by joining Argon's other products including Cleaner™ Rotational Thrombectomy System, JAWZ™ Endomyocardial Biopsy Forceps, pressure transducers, high pressure manifolds and vascular introducer kits.  The company's products are sold through a combination of direct sales representatives and specialty distributors in the United States and a network of leading distributors internationally.

As part of the transaction, Argon also acquired a dedicated state-of-the-art facility in Yishun, Singapore.  Argon manufactures its other products in facilities in Athens, TX.

"The BD pressure monitoring and catheter products are well recognized by hospitals and physicians worldwide," said Michael J. Hudson, CEO of Argon.  "The acquisition of these well-recognized products rounds out the Argon portfolio giving us a significant global presence in these important markets."

"The global nature of this product platform makes this acquisition particularly complex," said Joseph F. Damico, Founding Partner and Co-Chairman of RoundTable.  "RoundTable's in-house resources in sales, manufacturing, IT and human resources are working closely with the Argon team to effectively integrate the operations of these two businesses and position Argon for growth."

As part of the transaction, and to finance further growth opportunities for Argon, RoundTable facilitated the successful completion of new senior credit facilities and a private placement of subordinated notes.  The senior credit facilities were led by GE Commercial Finance Healthcare Financial Services. Argon's subordinated notes were acquired by RoundTable Capital Partners ("Capital Fund I"), RoundTable's captive subordinated debt fund.  Capital Fund I is a dedicated subordinated debt fund that makes fixed rate subordinated debt investments alongside the equity investments of RoundTable's equity funds. RoundTable and certain other investors made an equity investment in Argon as part of the transaction.

About RoundTable Healthcare Partners

RoundTable Healthcare Partners, Lake Forest, IL, is an operating-oriented private equity firm focused exclusively on the health-care 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 of $400 million.  More information about RoundTable Healthcare Partners can be found at  

SOURCE RoundTable Healthcare Partners
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. RoundTable Healthcare Partners Portfolio Company, Aspen Surgical Products, Inc., Acquires Bard-Parker™ Surgical Blades and Scalpels Business
2. RoundTable Healthcare Partners Closes Two Funds
3. RoundTable Healthcare Partners Announces Sale of Bioniche Pharma Holdings Limited to Mylan Inc.
4. RoundTable Healthcare Partners Names Charles W. Stiefel as Senior Advisor
5. RoundTable Healthcare Partners Announces Sale of Ascent Healthcare Solutions to Stryker Corporation
6. BARC Central Laboratory Joins Alzheimers Association Research Roundtable
7. Roundtable Calls Presidents Embryonic Stem Cell Decision: Bankrupt
8. Justice Department Will Not Oppose CEO Roundtable on Cancers Proposal
9. Deloitte and Nonprofit Roundtable Host Real-World Disaster Exercise as Next Step in Developing Preparedness Plan for Greater Washington Region
10. Octapharma USA Launches Web Resource for von Willebrand Disease Healthcare Professionals and Patients
11. Innovations to Omron Healthcare Home Blood Pressure Monitors Provide New Solutions for Consumers
Post Your Comments:
(Date:11/24/2015)... Connecticut , November 24, 2015 ... of Acadiana has entered into a multi-year agreement ... imaging centers. This investment will provide the Breast Center ... --> Sectra (STO: SECT B) announces that ... agreement to deploy Breast Imaging PACS in its ...
(Date:11/24/2015)... Switzerland , November 24, 2015 ... Research of the University of Bern ... Clinical Nutrition of the Bern University Hospital "Inselspital" are ... to develop a novel generation artificial pancreas. Combining a ... insulin for diabetic patients with the unequalled accuracy of ...
(Date:11/24/2015)... 24, 2015  Figure 1, a free mobile-first network ... cases, has launched a new completely redesigned web version ... allows radiologists, who work primarily on a desktop, to ... with its radiologist user base, Figure 1 is hosting ... North America (RSNA) Annual Meeting. ...
Breaking Medicine Technology:
(Date:11/24/2015)... ... ... American Family Care (AFC), the nation’s leading provider of urgent care and ... Metro Atlanta’s North Point Mall. The clinic is designed to test the concept of ... to operate through Dec. 24. , Holiday Pop-Up Clinic , Official Opening November 27, ...
(Date:11/24/2015)... ... , ... Cold Shoulder , LLC launched their Pro Vest, the latest version of their ... of $20,000 in under 10 hours. , The campaign, which will continue ... Vest to the market. , The PRO Vest provides consumers with a less expensive, one-size ...
(Date:11/24/2015)... ... November 24, 2015 , ... Sir Grout of ... the TrustDale certification. The award recognizes good companies for excellence in service and ... and grout, and hard surface restoration company earned this recognition after a thorough ...
(Date:11/24/2015)... ... ... Dr. Kevin Day, local family chiropractor in Warsaw , is hosting ... During the Indiana winter months, Vitamin D deficiency can lead to Seasonal Affective ... to help provide the tools needed to combat it this year! , “Stress kills ...
(Date:11/24/2015)... (PRWEB) , ... November 24, 2015 , ... ... engineer of patented products, announces Fragrance by Marcelle, a cosmetic invention which offers ... Perfume & Fragrance Manufacturing Market in the US is worth $3 billion annually," ...
Breaking Medicine News(10 mins):