Navigation Links
RoundTable Healthcare Partners Portfolio Company, Aspen Surgical Products, Inc., Acquires Bard-Parker™ Surgical Blades and Scalpels Business
Date:8/2/2010

LAKE FOREST, Ill., Aug. 2 /PRNewswire/ -- RoundTable Healthcare Partners ("RoundTable"), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today that its portfolio company, Aspen Surgical Products, Inc. ("Aspen"), has acquired the Bard-Parker surgical blades and scalpels business from BD (Becton, Dickinson and Company).  Aspen is a leading manufacturer of disposable medical products with an emphasis on the operating room environment and safety.

Bard-Parker is a widely recognized brand in the operating room with leadership positions in both the U.S. and Canada. It joins Aspen's other successful products including surgical needles and skin markers, disposable light handles, instrument guards, anti-fog solutions, and fluid management products.  Aspen sells these products under the brand names Richard-Allan, Dr. Fog®, Sterion®, Colby, Steriseal®, and Oxboro®.

As part of the transaction, Aspen acquired a state-of-the-art facility in Las Piedras, Puerto Rico dedicated to the manufacturing of the Bard-Parker line.  Aspen manufactures its other products in facilities in Grand Rapids, MI and Redditch, England.

"The acquisition of the Bard-Parker brand of surgical blades and scalpels further positions Aspen as a leading provider of patient and staff safety products in the operating room," said Greg Pritchard, CEO of Aspen. "The Bard-Parker products have a one-hundred year history, considerable performance benefits, and advanced safety features that will allow Aspen to participate to a greater degree in this high growth segment of the market."

"The operating room environment is an important healthcare segment for us," said Joseph F. Damico, Founding Partner and Co-Chairman of RoundTable.  "This is the sixth, largest and most complex acquisition we have facilitated for Aspen since making our initial investment in 2006.  Our in-house operating teams are moving quickly across all functions, sales, marketing, manufacturing, IT, and human resources, to complete the transition and further position Aspen for growth."

As part of the transaction, and to finance further growth opportunities for Aspen, RoundTable facilitated the successful completion of an amendment and restatement to Aspen's senior credit facilities and a private placement of incremental subordinated notes.  The amended and restated senior credit facilities were led by GE Capital, as Administrative Agent, Sole Lead Arranger, and Sole Bookrunner. The senior facilities also included Bank of Ireland as Syndication Agent, Fifth Third Bank as Documentation Agent, and PNC Bank National Association.  Aspen's incremental subordinated notes were acquired by RoundTable Capital Partners ("Capital Fund I"), RoundTable's captive subordinated debt fund. The Capital Fund 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 shareholders of Aspen made an equity investment in Aspen 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 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©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. RoundTable Healthcare Partners Closes Two Funds
2. RoundTable Healthcare Partners Announces Sale of Bioniche Pharma Holdings Limited to Mylan Inc.
3. RoundTable Healthcare Partners Names Charles W. Stiefel as Senior Advisor
4. RoundTable Healthcare Partners Announces Sale of Ascent Healthcare Solutions to Stryker Corporation
5. BARC Central Laboratory Joins Alzheimers Association Research Roundtable
6. Roundtable Calls Presidents Embryonic Stem Cell Decision: Bankrupt
7. Justice Department Will Not Oppose CEO Roundtable on Cancers Proposal
8. Deloitte and Nonprofit Roundtable Host Real-World Disaster Exercise as Next Step in Developing Preparedness Plan for Greater Washington Region
9. Anadys Pharmaceuticals to Present at the BMO Capital Markets Healthcare Conference
10. Water Street Healthcare Partners Announces New Investment in Medical Specialties Distributors, LLC
11. PDI to Present at the BMO Capital Markets 10th Annual Focus on Healthcare Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/10/2016)... Feb. 10, 2016  CVS Health (NYSE: CVS ... in Santa Clara County, CA , ... the Santa Clara University campus. CVS Pharmacy stores and ... patients against the disease. Students at Santa Clara University ... vaccinated. In addition, anyone who has had close contact ...
(Date:2/10/2016)... 10, 2016 Immune Pharmaceuticals Inc. (NASDAQ: ... that it has filed a patent application directed to ... --> --> The ... of Ceplene (histamine dihydrochloride) in combination with immune checkpoint ... the efficacy of Ceplene and IL-2 therapy in patients ...
(Date:2/10/2016)... 10, 2016  Astellas Pharma Inc. (TSE: 4503, President ... that it has successfully completed, through its indirect wholly-owned ... purchase all issued and outstanding shares of common stock ... Paul Wotton , "Ocata") for a price of ... ("Tender Offer"). Astellas commenced the Tender Offer on November ...
Breaking Medicine Technology:
(Date:2/10/2016)... California (PRWEB) , ... February 10, 2016 , ... ... are working together to expand dental health services to the developmentally disabled in ... We Care Dental’s operations to a new facility at 71-949 Highway 111, Suite ...
(Date:2/10/2016)... ... 10, 2016 , ... Compliancy Group LLC is pleased to ... throughout the country. The Guard was specifically designed to handle each element required ... regulatory updates, and compliance coaching. , In addition to meeting the compliance needs ...
(Date:2/10/2016)... CO (PRWEB) , ... February 10, 2016 , ... Dr. ... announce the practice is now accepting new dental patients and families in the North ... exceptional dental care services from cleanings to cosmetic dentistry, and all in the most ...
(Date:2/10/2016)... ... February 10, 2016 , ... AxoGen, Inc. (NASDAQ: AXGN), a leading medical technology ... quarter and full year ended December 31, 2015 on Monday, February 29, 2016 after ... the investment community following the release at 4:30 PM ET. Investors interested in participating ...
(Date:2/10/2016)... ... February 10, 2016 , ... A ... Safety Congress and Expo event March 9-11, 2016. Hosted by Ohio's Bureau of ... , As the longest running and largest worker's compensation event in Ohio, ...
Breaking Medicine News(10 mins):