RoundTable Healthcare Partners’ portfolio company Aspen Surgical Products has entered into an agreement with Becton Dickinson to acquire the Bard-Parker surgical blades and scalpels business.
BD is a medical technology company that develops, manufactures and sells medical devices, instrument systems and reagents.
The transaction is expected to be completed by 30 September 2010 subject to customary closing conditions. Financial terms of the agreement were not disclosed.
"The acquisition of the Bard-Parker surgical blades and scalpels business will advance our strategy of becoming a leading provider of patient and staff safety products to the operating room," says Greg Pritchard, chief executive of Aspen. "The Bard-Parker brand, which was initially established in 1916, is well-recognised as the leader in the surgical blades and scalpel market in the US and Canada offering considerable performance and safety benefits over other products."
As part of the business, Aspen is acquiring a state-of-the-art facility in Las Piedras, Puerto Rico dedicated to manufacture of the Bard-Parker product line.
"The operating room market is important healthcare segments for us," says Joseph F. Damico, founding partner and co-chairman of RoundTable. "Aspen’s acquisition of the surgical blades and scalpels business will represent the sixth and largest acquisition we have facilitated for them since making our initial investment in the platform in 2006. Our in-house operating teams are moving quickly across all functions, sales, marketing, manufacturing, IT and human resources, to affect a smooth transition and position Aspen for growth."
