RoundTable closes two funds with $850 mln

RoundTable Healthcare Partners said Wednesday it closed its fourth equity fund with $650 million in commitments, while its third captive subordinated debt fund collected $200 million. Lake Forest, Illinois-based RoundTable, a healthcare focused PE firm, said it added four new partners. Pierre Frechette and Thomas Kapfer, CEOs of existing RoundTable portfolio companies, were named Senior Operating Partners. Richard Adloff, the CFO of three RoundTable portfolio companies, was named an Operating Partner, while Andrew Hochman, previously a Principal, was promoted to Partner.


Arlington Capital buys Avalign from RoundTable

Arlington Capital Partners said Wednesday it acquired Avalign Technologies from RoundTable Healthcare Partners. Financial terms weren’t announced. Lake Forest, Illinois-based Avalign makes implants and instruments, specialty instrumentation, cutting tools, and cases and trays to the orthopedic medical device and specialty surgical markets.


RoundTable Healthcare buys TIDI Products

RoundTable Healthcare Partners said Monday that it has acquired TIDI Products. Financial terms weren’t announced. Neenah, Wisconsin-based TIDI designs, develops and makes medical devices and supplies for preventing infections and supporting caregivers.


RoundTable closes sale of Tower to Impax for $700 mln

Impax Laboratories has completed its acquisition of Tower Holdings Inc from RoundTable Healthcare Partners for $700 million in cash. Tower includes operating subsidiaries Core Pharma LLC, Amedra Pharmaceuticals and Lineage Therapeutics. Credit Suisse Securities (USA) LLC was financial advisor to Tower and Lineage on the transaction.


RoundTable to sell Tower and Lineage to Impax for $700 mln

Healthcare-focused private equity firm RoundTable Healthcare Partners has agreed to sell Tower Holdings and Lineage to Impax for $700 million in cash. Tower includes subsidiaries CorePharma and AmedraCredit Suisse Securities (USA) served as exclusive financial advisor to Tower and Lineage in the transaction. CorePharma, Amedra and Lineage are pharmaceutical firms.


RoundTable Healthcare sells Vesta Funding

RoundTable Healthcare Partners has sold medical device maker Vesta Funding Inc. to The Lubrizol Corporation. Terms of the deal were not disclosed. RoundTable invested in Vesta through its $500 million Fund II that closed in 2005.

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.

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