Merger • Medical Products

RITA Medical Systems Acquires Horizon Medical Products

On July 30, 2004, RITA Medical Systems acquired medical products company Horizon Medical Products from HealthEdge Investment Partners

Acquisition Context
  • This is RITA Medical Systems’ 1st transaction in the Medical Products sector.
  • This is RITA Medical Systems’ 1st transaction in the United States.
  • This is RITA Medical Systems’ 1st transaction in Georgia.

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M&A Deal Summary

Date July 30, 2004
Target Horizon Medical Products
Sector Medical Products
Buyer(s) RITA Medical Systems
Sellers(s) HealthEdge Investment Partners
Deal Type Merger

Target Company

Horizon Medical Products

Manchester, Georgia, United States
Horizon Medical Products, Inc. is a specialty medical device company that manufactures and markets vascular access prod- ucts.
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Buyer Overview 1

Buyer

RITA Medical Systems

Fremont, California, United States

Category Company
Founded 1994
Sector Medical Products
Employees221
DESCRIPTION

RITA Medical Systems Inc. develops, manufactures and markets innovative products that provide local oncology therapy options for cancer patients including radiofrequency ablation (RFA) systems and embolization products for treating cancerous tumors, as well as percutaneous vascular and spinal access systems for systemic treatments.


Deal Context for Buyer #
Overall 1 of 1
Sector: Medical Products 1 of 1
Type: Merger 1 of 1
State: Georgia 1 of 1
Country: United States 1 of 1
Year: 2004 1 of 1

Seller Profile 1

SELLER

HealthEdge Investment Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

HealthEdge Investment Partners is an operating-oriented private equity firm that targets the healthcare industry. The firm pursues buyouts, recapitalizations or structured investments in healthcare companies with a strong market share. HealthEdge targets businesses with enterprise value ranging between $10 million and $100 million, and with revenues ranging between $5 million and $75 million. Moreover, the firm looks for companies with EBITDA near $15 million. The firm typically commits between $5 million to $20 million of capital per company. HealthEdge focuses on the healthcare segments that involve medical products, devices and equipment, healthcare services, healthcare IT, pharmaceutical, and distribution. HealthEdge Investment Partners was founded in 2005 and is based in Tampa, Florida.


Deal Context for Seller #
Overall 3 of 18
Sector: Medical Products 2 of 4
Type: Merger 1 of 1
State: Georgia 1 of 2
Country: United States 3 of 18
Year: 2004 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 PlanVista

Tampa, Florida, United States

PlanVista Corporation provides medical cost containment and business process outsourcing solutions, including claims repricing services, for the medical insurance and managed care industries as well as services for healthcare providers, including individual providers, preferred provider organizations and other provider groups.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-14 Dispensing Solutions

Santa Ana, California, United States

Dispensing Solutions, Inc. is a specialty pharmaceutical business specializing in the repackaging of pharmaceuticals for the physician and government markets.

Buy -