Aqua Pharmaceuticals Acquires Verdeso Foam

West Chester-based Aqua Pharmaceuticals has acquired the U.S. rights to and re-launch of Verdeso® Foam from Stiefel, a GSK company. Aqua Pharmaceuticals is a portfolio company of RoundTable Healthcare Partners, an operations-oriented private equity firm.

Roundtable to Buy Interventional Products for Second Time

Argon Medical Devices, which is backed by RoundTable Healthcare Partners, has agreed to buy the Interventional Products Business of Angiotech Pharmaceuticals. Financial terms weren’t announced. The deal is expected to close by April 2013. Interventional Products Business makes and markets disposable and re-usable biopsy products for the diagnosis of cancer, drainage catheter products, and vascular interventional products. Roundtable sold the Interventional Products Business to Angiotech in 2006.

Hill-Rom Buys Aspen Surgical from RoundTable for $400 Mln

RoundTable Healthcare Partners said Friday that it has sold Aspen Surgical Products Holding to Hill-Rom Holdings in a deal valued at $400 million. Caledonia, Mich.-based Aspen Surgical makes disposable medical products focused primarily on staff and patient safety in the operating room and sterile processing department. RoundTable acquired a majority stake in Aspen in August […]

Davies Joins RoundTable Healthcare as CEO of Platform Development Corp.

RoundTable Healthcare Partners said Monday that it has named Kent Davies the CEO of the newly formed RoundTable III Platform Development Corp. Roundtable is providing “substantial” investment capital to the venture. Davies will identify and develop investment opportunities in the medical device market. PRESS RELEASE RoundTable Healthcare Partners (“RoundTable”), an operating-oriented private equity firm focused […]

It’s the Demographics, Stupid

This fall, the GOP won back the U.S. House of Representatives, snagged several Senate seats and assumed control of more state legislatures than at any time since 1928. Now, judges in red states are calling the constitutionality of ObamaCare into question and Republican lawmakers are pledging to take down the landmark healthcare bill, either piecemeal […]

PE-backed Renaissance Pharma Buys Confab Labs

Montreal-based Renaissance Pharma, a portfolio company of private equity firm RoundTable Healthcare Partners, has acquired pharmaceutical manufacturer Confab Laboratories. Financial terms of the acquisition were not released. RoundTable Healthcare Partners is based in Lake Forest, Illinois. Confab Laboratories is based in St. Hubert, Quebec.

Argon Medical Signs Exclusive License, Distribution Pact For UltraStream Catheter

Argon Medical Devices Inc. signed a licensing contract with Rex Medical LP for exclusive rights to sell the UltraStream chronic dialysis catheter worldwide. The device provides long-term vascular access to patients receiving dialysis treatments. Argon Medical of Athens, Texas is a portfolio company of Lake Forest, Illinois-based RoundTable Healthcare Partners.

RoundTable Buys Majority Stake In Salter Labs

RoundTable Healthcare Partners said Tuesday that it has bought a majority stake in Salter Labs. Financial terms weren’t disclosed. Salter, of Arvin, Calif., makes disposable respiratory and sleep diagnostic products used in the home medical and acute care markets. Lake Forest, Ill.-based RoundTable is a PE firm focused on the healthcare industry.

RoundTable Healthcare Partners Completes Sale of Bioniche Pharma Holdings to Mylan for $550M

Healthcare-oriented private equity firm RoundTable Healthcare Partners announced that it’s just completed the sale of Bioniche Pharma Holdings to pharmaceutical company Mylan for $550 million in cash. The sale marks the first portfolio realization for RoundTable’s Fund II. PRESS RELEASE: RoundTable Healthcare Partners, an operating-oriented private equity firm focused exclusively on the healthcare industry, announced […]

Aspen buys Bard-Parker Surgical Blades and Scalpels Unit

Aspen Surgical Products, a portfolio company of RoundTable Healthcare Partners, has bought the Bard-Parker surgical blades and scalpels business from Becton, Dickinson and Co. As part of the deal, Aspen acuqired a plant in Las Piedras, Puerto Rico. Financial terms were not announced.

RoundTable Expected To Close Fund This Week

RoundTable Heathcare Partners is expected to close its third fund this week with $600 million, multiple sources tell peHUB.

“It was probably the single hottest non-VC fund in the country this year,” said a source familiar with the situation. He added that the Lake Forest, Ill.-based firm managed to add several new investors.

Healthcare PE Shops Find Fundraising Success

Fundraising may be hard right now, but a few PE firms in the healthcare space are experiencing success.

Chicago-based Linden LLC, for example, recently closed its second fund with $375 million. The fund was oversubscribed and exceeded its $300 million target. Another area firm, RoundTable Healthcare Partners is raising up to $600 million for its third fund, and sources tell me that it should have little trouble hitting its numbers.

Linden’s and RoundTable’s experiences come as global fundraising in second quarter dropped to its lowest point in second quarter since 2003.

RoundTable has had four exits from its first fund, each of which generated a return of 5x the cash invested or greater, peHUB has learned. This includes December’s sale of Ascent, which the firm says generated an 8.3x return upon its sale to Stryker Corp.

Aspen Surgical Adds On

Aspen Surgical Products Inc., a portfolio company of RoundTable Healthcare Partners, has agreed to acquire the surgical blades and scalpels business (Bard-Parker) of Becton, Dickinson and Company. No financial terms were disclosed.

RoundTable Healthcare Forms Renaissance Pharma

RoundTable Healthcare Partners has formed Renaissance Pharma Inc., a Montreal-based pharmaceutical platform company. No financial terms were disclosed. Renaissance Pharma will be led by Pierre Frechette, former president and CEO of Sandoz Canada Inc.

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