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RoundTable Healthcare Partners closes two funds

RoundTable Healthcare Partners, an operating-oriented private equity firm focused exclusively on the healthcare industry, has closed its third equity fund totalling USD600m and its second captive subordinated debt fund of USD200m.

RoundTable closed its first equity fund of USD400m in March 2002 and its second equity fund of USD500m in March of 2005.

The first capital fund of USD200m was closed in July of 2006.

RoundTable is also expanding its partnership to support the growing investment activity of the firm. Joseph F. Damico and Lester B. Knight (pictured), two of the four founding partners, have been named co-chairmen. Jack L. McGinley will continue as founding and operating partner. R. Craig Collister and T. Sands Thompson have been promoted to senior transaction partners joining David J. Koo in these roles. James P. Stauner and James E. Utts have been promoted to operating partner. Todd E. Warnock continues as founding partner and senior adviser.

Leonard G. Kuhr will continue as principal and chief financial officer. Greg L. Baumli has been promoted to operating principal and senior vice president of manufacturing, and Andrew B. Hochman has been promoted to transaction principal. Robert B. DeBaun and John W. McConachie will continue in their roles as senior vice president of human resources and health systems, respectively. G. Adam Hentze joins Joshua M. Saipe on the transaction team as vice president.

"We are pleased our strategy has produced strong deal flow and investment returns," says Knight. "Fund III and Capital Fund II will allow us to continue our strategy of investing in healthcare companies that can benefit from our strong operating and transaction focus. We thank all of our limited partners for their support and commitment."

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