LAKE FOREST, Ill., Dec. 15, 2010 /PRNewswire/ — RoundTable
Healthcare Partners (“RoundTable”), an operating-oriented private
equity firm focused exclusively on the healthcare industry,
announced today that it has entered into a definitive agreement to
sell one of its portfolio companies, Clinical Innovations, LLC
(“Clinical”), to The Pritzker Group, a private investment firm
representing Pritzker family interests. Terms of the
transaction were not disclosed.
Clinical is a leading designer and manufacturer of single-use
disposable medical devices used primarily in women’s and infants’
health, urology, and gastroenterology. Two of the Company’s
key products, Kiwi®, a vacuum-assisted delivery device, and
Koala®, an intra-uterine pressure monitoring device, are market
leaders in the labor and delivery field. RoundTable acquired
a majority interest in Clinical, based in Murray, Utah, in March
2005 from its original owner/founders.
“Clinical’s exceptional management team and dedicated employees
have driven the company to become a leader in devices targeted for
women’s health,” said Joseph F. Damico, a Founding Partner and
Co-Chairman of RoundTable. “We believe The Pritzker Group is
an ideal partner for the company, its employees and customers going
“RoundTable has been a great partner for Clinical Innovations,”
said William D. Wallace, one of the original owner/founders of
Clinical and the current Senior Vice President of Research and
Development. “Over the past five years, RoundTable has
treated Clinical’s founding shareholders as equal partners.
Their support has been instrumental as we have continued to
grow our business and position it for future success.”
Robert W. Baird acted as exclusive financial advisor and Jones
Day served as legal counsel to Clinical and RoundTable.
About RoundTable Healthcare Partners
RoundTable Healthcare Partners, Lake Forest