Aspen Surgical Products, a portfolio company of RoundTable Healthcare Partners, has entered into an agreement with BD (Becton, Dickinson and Company) to acquire the Bard-Parker surgical blades and scalpels business. BD develops, manufactures and sells medical devices, instrument systems, and reagents.
As part of the business, Aspen has been acquiring a facility in Las Piedras, Puerto Rico dedicated to manufacture of the Bard-Parker product line.
Greg Pritchard, CEO of Aspen, said: “The acquisition of the Bard-Parker surgical blades and scalpels business will advance our strategy of becoming a leading provider of patient and staff safety products to the operating room. The Bard-Parker brand, which was initially established in 1916, is well-recognized as the leader in the surgical blades and scalpel market in the United States and Canada offering considerable performance and safety benefits over other products.”
Joseph Damico, founding partner and co-chairman of RoundTable, said: “The operating room market is important healthcare segments for us. Aspen’s acquisition of the surgical blades and scalpels business will represent the sixth and largest acquisition we have facilitated for them since making our initial investment in the platform in 2006.
“Our in-house operating teams are moving quickly across all functions, sales, marketing, manufacturing, IT and human resources, to affect a smooth transition and position Aspen for growth.”
The transaction is expected to be completed by September 30, 2010 subject to customary closing conditions.