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RoundTable Healthcare Partners Portfolio Company, Argon Medical Devices, Inc., Acquires Critical Care and Extended Dwell Catheter Product Platforms From BD

Mon, 10/04/2010 - 9:32am
Bio-Medicine.Org

LAKE FOREST, Ill., Oct. 4 /PRNewswire/ -- RoundTable Healthcare Partners ("RoundTable"), an operating-oriented private equity firm focused exclusively on the health-care industry, announced today that its portfolio company, Argon Medical Devices, Inc. ("Argon"), has acquired the critical care and extended dwell catheter product platforms consisting of blood pressure monitoring devices, and central venous, pulmonary artery and extended dwell catheters from BD (Becton, Dickinson and Company).  Argon is a global manufacturer and marketer of single-use specialty medical devices for procedures in Interventional Radiology, Interventional Cardiology, and Critical Care.

The acquisition of the Critical Care and Extended Dwell Catheter product platforms further positions Argon as a leading provider of vascular access products by joining Argon's other products including Cleaner™ Rotational Thrombectomy System, JAWZ™ Endomyocardial Biopsy Forceps, pressure transducers, high pressure manifolds and vascular introducer kits.  The company's products are sold through a combination of direct sales representatives and specialty distributors in the United States and a network of leading distributors internationally.

As part of the transaction, Argon also acquired a dedicated state-of-the-art facility in Yishun, Singapore.  Argon manufactures its other products in facilities in Athens, TX.

"The BD pressure monitoring and catheter products are well recognized by hospitals and physicians worldwide," said Michael J. Hudson, CEO of Argon.  "The acquisition of these well-recognized products rounds out the Argon portfolio giving us a significant global presence in these important markets."

"The global nature of this product platform makes this acquisition particularly complex," said Joseph F. Damico, Founding Partner and Co-Chairman of RoundTable.  "RoundTable's in-house resources in sales, manufacturing, IT and human resourc

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