M&A Deal Summary

AirLife Acquires Salter Labs

On September 5, 2019, AirLife acquired medical products company Salter Labs from RoundTable Healthcare Management and Bolder Capital

Acquisition Highlights
  • This is AirLife’s 1st transaction in the Medical Products sector.
  • This is AirLife’s 1st transaction in the United States.
  • This is AirLife’s 1st transaction in California.

M&A Deal Summary
Date 2019-09-05
Target Salter Labs
Sector Medical Products
Buyer(s) AirLife
Sellers(s) RoundTable Healthcare Management
Bolder Capital
Deal Type Merger

Target

Salter Labs

Arvin, California, United States
Salter Labs is a manufacturer of disposable oxygen delivery and respiratory therapy products in the multi-billion dollar home medical and acute care markets and has been supplying innovative and proprietary medical consumables. Salter Labs was founded in 1976 and is based in Arvin, California.

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Buyer(S) 1

Buyer

AirLife

Grand Rapids, Michigan, United States
Category Company
Founded 1981
Sector Medical Products
DESCRIPTION

AirLife is the global leader in consumable breathing products, specializing in respiratory care, anesthesia, and patient monitoring solutions. AirLife was founded in 1981 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 1 of 3
Sector (Medical Products) 1 of 3
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Vyaire Medical - Respiratory and Anesthesia Consumables Business

Mettawa, Illinois, United States

Vyaire Medical's Respiratory and Anesthesia Consumables Business manufactures and markets respiratory and anesthesia consumables focused on airway management and operative care. Vyaire Medical's Respiratory and Anesthesia Consumables Business is based in Mettawa, Illinois.

Buy -

Seller(S) 2

SELLER

RoundTable Healthcare Management

Lake Forest, Illinois, United States

Investor 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 16 of 22
Sector (Medical Products) 11 of 13
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 15 of 21
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Advantice Health

Cedar Knolls, New Jersey, United States

Advantice Health consists of market-leading therapeutic health & wellness brands that are primarily in the skincare, footcare and first aid product categories. The Company’s branded products lead with efficacy and science, and are sold through an assortment of brick-and-mortar and e-commerce retailers across North America. Advantice Health is based in Cedar Knolls, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Designs for Health

Palm Coast, Florida, United States

Designs for Health offers high-quality dietary supplements and functional foods to healthcare professionals and their patients. The company holds an unwavering commitment to creating research-driven formulations with meaningful quantities of therapeutic ingredients that maximize the potential for successful health outcomes. Designs for Health was founded in 1989 and is based in Palm Coast, Florida.

Buy -
SELLER

Bolder Capital

Lakewood, Colorado, United States
Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Bolder Capital is a private equity group that invests in lower middle-market manufacturing and service oriented businesses. The Group pursues companies operating in growth markets with proprietary products or technologies. Target businesses have at least $2 million of EBITDA with an enterprise value of minimum $500 million. Funds are generally used to support acquisitions/buyouts, recapitalizations and selective growth equity opportunities. Bolder Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 11 of 12
Sector (Medical Products) 3 of 3
Type (Merger) 2 of 2
State (California) 2 of 2
Country (United States) 11 of 12
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Nielsen-Kellerman

Boothwyn, Pennsylvania, United States

Nielsen-Kellerman designs manufacture and distribute rugged, waterproof environmental and sports performance instruments for active lifestyles and technical applications, including Kestrel Weather & Environmental Meters, Kestrel Ballistics Meters for long-range shooting accuracy, NK Electronics for Rowing and Paddling, and Blue Ocean Rugged Megaphones PA Systems. Nielsen-Kellerman was founded in 1978 and is based in Boothwyn, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-29 Priority Express Courier

Boothwyn, Pennsylvania, United States

Priority Express Courier, Inc. is a provider of same-day express delivery services to laboratories, health systems, and multiple other high-touch industries. Priority Express serves a variety of customers out of its 5 distribution facilities in the northeast and mid-Atlantic regions.

Sell -
Mergr

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