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RoundTable Healthcare Partners and Argon Medical Devices Complete Acquisition of Angiotech Pharmaceuticals' Interventional Products Business
Date:4/15/2013

LAKE FOREST, Ill., April 15, 2013 /PRNewswire/ -- RoundTable Healthcare Partners ("RoundTable"), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today that its portfolio company, Argon Medical Devices, Inc. ("Argon" or the "Company"), has completed the previously announced acquisition of the Interventional Products Business of Angiotech Pharmaceuticals, Inc. ("Angiotech").   The Interventional Products Business manufactures and markets disposable and re-usable biopsy products for the diagnosis of cancer, drainage catheter products, and vascular interventional products.

The acquisition of the Interventional Products Business bolsters Argon's existing portfolio of interventional vascular products, adds additional biopsy product lines, and further leverages the Company's sales force within core call points.  As part of the transaction, Argon will also acquire three dedicated manufacturing facilities in Wheeling, IL; Gainesville, FL; and Rochester, NY.  Argon currently manufactures its products in facilities in Athens, TX and Singapore.

"The acquisition of the Interventional Products Business is another step forward in expanding our portfolio to offer our customers a greater array of physician preference products," said Michael Hudson , CEO of Argon.  "We are delighted to be reunited with this business and look forward to positioning the combined company for significant growth."

The Interventional Products Business was created by RoundTable in 2003 as part of its American Medical Instruments Holdings, Inc. ("AMIH") investment. The AMIH business was run by Argon's current management team including: Michael Hudson , Argon's CEO; Ric
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SOURCE RoundTable Healthcare Partners
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