M&A Deal Summary

Stryker Acquires Ascent Healthcare Solutions

On December 31, 2009, Stryker acquired medical products company Ascent Healthcare Solutions from RoundTable Healthcare Management and Apax for 525M USD

Acquisition Highlights
  • This is Stryker’s 1st transaction in the Medical Products sector.
  • This is Stryker’s 10th largest (disclosed) transaction.
  • This is Stryker’s 6th transaction in the United States.
  • This is Stryker’s 1st transaction in Arizona.

M&A Deal Summary

Date 2009-12-31
Target Ascent Healthcare Solutions
Sector Medical Products
Buyer(s) Stryker
Sellers(s) RoundTable Healthcare Management
Apax
Deal Type Add-on Acquisition
Deal Value 525M USD

Target

Ascent Healthcare Solutions

Phoenix, Arizona, United States
Ascent Healthcare Solutions, Inc. is an independent third-party reprocessor of single-use medical devices in the healthcare industry.

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Buyer(S) 1

Buyer

Stryker

Kalamazoo, Michigan, United States

Category Company
Founded 1941
Sector Medical Products
Employees52,000
Revenue 20.5B USD (2023)
DESCRIPTION
Stryker's corporate headquarters in Kalamazoo, Michigan.
Stryker's corporate headquarters in Kalamazoo, Michigan.

Stryker is a medical technology company. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties. Stryker was founded in 1941 and is based in Kalamazoo, Michigan.


DEAL STATS #
Overall 6 of 48
Sector (Medical Products) 1 of 35
Type (Add-on Acquisition) 4 of 42
State (Arizona) 1 of 1
Country (United States) 6 of 33
Year (2009) 3 of 3
Size (of disclosed) 10 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-01 ParaMed

Sandy, Utah, United States

ParaMed Corporation manufactures and markets products for emergency evacuation in medical, industrial and commercial applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-02 Stryker Imaging

Flower Mound, Texas, United States

Stryker Imaging provides an integrated range of imaging and information systems to the U.S. orthopedic market. Its products include EMR solutions, PACS, practice management software and offsite image backup services. The company was founded in 2000 and is based in Flower Mound, Texas.

Sell -

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 4 of 22
Sector (Medical Products) 2 of 13
Type (Add-on Acquisition) 4 of 14
State (Arizona) 1 of 1
Country (United States) 3 of 21
Year (2009) 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-29 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.

Sell $330M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 BVI Medical

Waltham, Massachusetts, United States

BVI Medical is a global developer, manufacturer, and marketer of specialized surgical devices for ophthalmic procedures. BVI Medical was founded in 1965 and is based in Waltham, Massachusetts.

Buy -
SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 43 of 171
Sector (Medical Products) 3 of 8
Type (Add-on Acquisition) 17 of 59
State (Arizona) 1 of 1
Country (United States) 14 of 63
Year (2009) 8 of 8
Size (of disclosed) 32 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-21 Synetrix

Staffordshire, United Kingdom

Public sector broadband solutions and network services.

Sell £75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-19 BitBand Technologies

Netanya, Israel

BitBand is a provider of content management and delivery systems, specializing in video on demand for IPTV.

Sell -