M&A Deal Summary

RoundTable Healthcare Management Acquires Argon Medical Devices

On November 10, 2003, private equity firm RoundTable Healthcare Management acquired medical products company Argon Medical Devices from Maxxim Medical

Acquisition Highlights
  • This is RoundTable Healthcare Management’s 3rd transaction in the Medical Products sector.
  • This is RoundTable Healthcare Management’s 4th transaction in the United States.
  • This is RoundTable Healthcare Management’s 1st transaction in Texas.
Investment Fate
  • Argon Medical Devices was sold to a publicly-traded strategic buyer in 2018.

M&A Deal Summary

Date 2003-11-10
Target Argon Medical Devices
Sector Medical Products
Buyer(s) RoundTable Healthcare Management
Sellers(s) Maxxim Medical
Deal Type Divestiture

Target

Argon Medical Devices

Plano, Texas, United States
Argon Medical Devices, Inc. is a manufacturer and supplier of specialty single-use vascular interventional and pressure monitoring devices utilized in the cardiology, radiology and critical care market segments. Argon Medical Devices was founded in 1972 and is based in Plano, Texas.

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Buyer(S) 1

Buyer

RoundTable Healthcare Management

Lake Forest, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.9B USD
Size Large
Type Sector Focused
DESCRIPTION

RoundTable Healthcare Partners is a specialist private equity firm that targets equity and junior capital investments in the healthcare industry. Specific areas of interest include medical devices, medical products and disposables, specialty pharmaceuticals, medication delivery systems, specialty distribution, and outsourced healthcare services. RoundTable typically makes equity investments of approximately $5 to $50 million in platform companies with revenues ranging from $25 to $300 million. RoundTable will not invest in service-oriented provider segments (such as managed care companies, hospitals or nursing homes), internet or biotechnology companies, or start-up/venture situations. RoundTable was formed in 2001 and is based in Lake Forest, Illinois.


DEAL STATS #
Overall 5 of 31
Sector (Medical Products) 3 of 14
Type (Divestiture) 1 of 3
State (Texas) 1 of 3
Country (United States) 4 of 30
Year (2003) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-05 MedAssist

Louisville, Kentucky, United States

MedAssist, Inc. is a provider of outsourced revenue cycle management services to the healthcare industry, including eligibility services, receivable management services, and collections services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-28 Excelsior Medical

Neptune, New Jersey, United States

Excelsior Medical Corp. is a manufacturer of pre-filled saline and heparin flush and lock syringes. Flush syringes are single-use, disposable medical devices used to clear infusion sites prior to and after each drug infusion to maintain catheter patency and prevent the mixture of incompatible drugs. Excelsior markets their flush syringes and syringe pump systems to customers throughout the world.

Buy -

Seller(S) 1

SELLER

Maxxim Medical

Clearwater, Florida, United States

Category Company
Founded 1974
Sector Medical Products
DESCRIPTION

Maxxim Medical, Inc. is a developer, manufacturer and marketer of specialty medical products for hospitals.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1