With almost 100 completed transactions, The Walden Group®, Inc. is the healthcare
industry's leading investment banking firm specializing in small to
medium size transactions. Its expertise is in mergers, acquisitions,
divestitures, private financings, technology transfers and results-oriented
strategic planning and implementation. Clients are world-wide.
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The acquisition by
Degania Silicone Ltd. (Israel)
a leading OEM manufacturer of silicone-based catheters and other devices
of
Arthesys, S.A. (France)
a leading OEM manufacturer of thermoplastic stent delivery cardiovascular catheters
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The sale of
Katena Products Inc.
a leading manufacturer of ophthalmic surgical instruments
to
The Cortec Group
a private equity firm
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The sale of
Koalaty Products, Inc.
a provider of electronic products for pain management and rehabilitation.
to
KPI Acquisition Co., LLC
a corporate acquisition company.
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The sale of
Whitestone Corp.
a manufacturer of incontinence management products for long-term and homecare markets
to
Hartmann-Conco, Inc., an affiliate of
Paul Hartmann AG (Germany)
a producer of wound management, incontinence management and operating room risk prevention products
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The divestiture of
The Langer Orthotics Business by
Langer, Inc. (NasdaqGM:GAIT)
to
The Orthotics Group (Ontario Canada)
an affiliate of PNC Equity Partners
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The divestiture of
Bi-Op Laboratories, Inc.
an orthotic insole manufacturer and clinic based in Canada and a subsidiary of Langer, Inc.
to
an Investor Group
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The sale of
Colby Manufacturing Corp.
a manufacturer of disposable infection control products for OR environments
to
Aspen Surgical Products, Inc.
a leading manufacturer of disposable medical products for surgical applications and a portfolio company of RoundTable Healthcare Partners.
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The sale of
the business of
Taut, Inc.
a manufacturer of ground-breaking laparoscopic access ports and other minimally invasive products
to
Teleflex Incorporated
a large diversified manufacturer, with a substantical medical division.
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The sale of
Health Resources Corporation
a leading provider of outsourced occupational health services
to
an affiliate of
Blue Cross of Northeast Pennsylvania
a provider of managed care and medical management services.
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The sale of
B&B Medical Technologies, Inc.
a producer of proprietary, critical care respiratory products
to
S&T Medical Technolgies, Inc.
a newly formed entrepreneurial company.
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The acquisition by
The Pennsylvania Medical Society's
KePRO subsidiary
a leading provider of healthcare utilization and disease management services
of
a strategic investment in
ITA Partners
a utilization and case management firm specializing in managing cancer care. The Walden Group advised KePRO on strategic planning, identified ITA and arranged for the transaction.
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The acquisition by
Moog Inc. (NYSE)
a manufacturer of precision control components serving military, commercial aircraft, aerospace, industrial and medical equipment sectors
of
Curlin Medical LLC
a maker of "smart" ambulatory infusion pumps for pain management and other applications. The Walden Group was retained by Moog to conduct an acquisition search, identified Curlin as a strategic fit for Moog, and originated this $75 million transaction.
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The sale of
Seattle Systems, Inc.
a manufacturer of orthotics, prosthetics and orthopedic products
to
Trulife Group (Ireland)
a manufacturer of orthopedic, breast care, prosthetic and consumer products
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The sale of
Statcorp, Inc.
a manufacturer of specialized disposable and reusable products for operating room, emergency room and trauma call points
to
CAS Medical Systems, Inc.
a manufacturer of high-quality blood pressure measurement devices, vital signs monitors, apnea monitors and neonatal supplies
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The sale of
Arista Surgical Supply Co.
a long-established direct marketer of surgical instruments and physician supplies
to
Alimed, Inc.
a leading manufacturer and direct marketer of rehab, orthotic, orthopedic and ergonomic products
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The sale of
Champion Manufacturing Corporation,
a leading producer of medical grade seating for dialysis, chemotherapy and other applications,
to
Invacare Corporation (NYSE: IVC),
one of the largest worldwide producers of long-term care and home care equipment and supplies.
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The sale of
the Medical Micropigmentation and Tumor Marking Business of
Permark, Incorported
to
PMT Corporation,
a medical device manufacturer specializing in neurosurgery, plastic surgery and orthopedic products.
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The merger of
operations of
Doyen Medipharm,
a U.S. and U.K. based manufacturer of medical manufacturing and packaging machinery,
to
J Pac LLC,
a New Hampshire based medical contract manufacturer.
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The divestiture of
the MAYFIELD® Cranial Stabilization and Positioning Systems and the BUDDE® Halo Retractor System by
Schaerer Mayfield USA, Inc. (formerly Ohio Medical Instrument Company)
to
Integra LifeSciences Holdings Corporation (Nasdaq: IART)
a manufacturer of products for neuro-trauma and neurosurgery, plastic and reconstructive surgery and general surgery, for approximately $20 million in cash.
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The divestiture of
The Ambulatory Blood Pressure Monitoring Equipment Line of
Biotrac, Inc.
to
a major cardiovascular medical device manufacturer
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The sale of
EZ Way, Inc.
a manufacturer of patient lifts and stands for nursing homes
to
Lisle Corporation
a manufacturer of automotive tools.
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The sale of
Endolap Incorporated
a specialized manufacturer of minimally invasive, surgical equipment, instruments and accessories,
to
Allegiance Healthcare Corporation.
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The sale of
Fibra Sonics, Inc.
a manufacturer of specialized ultrasonic medical devices
by
Misonix Incorporated
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The sale of
Country-Wide Independent Medical Exams, Inc.,
a provider of independent medical exams and peer reviews,
to
Meridian Ventures
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The divestiture of the
Jobskin Burn Compression Garment Division
of Smith & Nephew plc
to
Torbot Group, Inc.
a manufacturer and distributor of ostomy products, skin care, wound care and incontinence products.
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The purchase by
Invacare Corporation
a major homecare products manufacturer
of
a small private company.
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The sale of
Jarit Surgical Instruments,
a major manufacturer of general surgical instruments sold into hospitals and clinics primarily through large group purchasing organiza-tions
to
Integra LifeSciences Holdings Corporation
a public company with focuses on neurosurgery and tissue regeneration products, as well as specialized and now general surgical instrument lines. The purchase price, with adjustments, was approximately $45 million.
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The sale of
R4 Telemedicine, Inc.
a developer of obstetrical ultrasound reporting sys-tems, combining clinical information, digital image management, electronic medical records and telemedicine capabilities,
to
Computer Systems Company, Inc.
a healthcare information systems company.
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The sale of
Phoenix Healthcare products, LLC
prominent producers of coated packaging material for the medical device and pharmaceutical industries,
to
Pechiney S.A. (France)
a global public company with interests in packaging for the medical device, pharmaceutical, food and dairy, and cosmetics industries.
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The sale of
U.S. Imaging Tables, Inc.
a manufacturer of specialized imaging tables used principally with fluoroscopic procedures,
to
Orthopedic Systems, Inc.
a producer of orthopedic trauma and spinal surgical tables, as well as other operating room and orthopedic products.
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The sale of
NeuroSupplies, Inc.
a direct marketing distributor of neurology and sleep disorder supplies and equipment,
to
Integra LifeSciences Holdings Corporation
a public company with focuses on neurosurgery and tissue regeneration products, as well as specialized and general surgical instrument lines.
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The sale of
Columbia Scientific Incorporated
the world's leading developer of dental implant simulation systems,
to
Materialise NV
a diversified company specializing in radiolithography, rapid prototyping and three dimensional imaging software systems.
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The sale of
Silipos, Inc.
a leading producer of silicone-free gel-based products for woundcare, prosthetics, orthotics, plastic surgery, footcare and others applications,
to
SSL International (Seton Scholl) plc.
a large diversified medical products manufacturer based in the U.K.
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The sale of
Squire Laboratories, Inc.
a manufacturer of over-the-counter pharmaceuti-cals and dietary supplements for the veterinary field,
to
Neogen Corporation.
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The divestiture by
Hollister Incorporated
of its HOT/ICE institutional cold therapy equipment division
to
United States Manufacturing Corp.
a manufacturer of medical devices for prosthetic and orthotic applications.
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The divestiture of
Micro Med Inc.
a contract manufacturer of drug delivery extension sets
by
Disetronic Holding AG (now part of Roche)
a Swiss public company that is the world's leading supplier of infusion systems for the treatment of Type I diabetes. Micro Med was acquired by Command Medical Products Inc., another contract manufacturer of medical devices.
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The divestiture of the
MedSelect
automated pharmacy dispensing division of Diebold, Inc., the world's largest manufacturer of automated teller machines
to
Medecorx LLC.
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The divestiture of the
SupplySource
automated med/surg supplies dispensing division of Diebold, Inc.
to
Med-Dispense, Inc.
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The sale of
Claimstat, Inc.
a medical service firm specializing in independent medical exams and cost containment,
to
National Healthcare Resources, Inc.
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The sale of
Columbia Medical & Surgical, Inc
a manufacturer of vacuum-assisted obstetrical delivery systems,
to
Utah Medical Products, Inc.
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The sale of
American Nutritional Products, LLC dba American Pharmaceutical Company
a repackager of over-the-counter pharmaceutical products
to
Cardinal Pharmaceuticals
a manufacturer and repackager of pharmaceutical and personal care products
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The sale of
Felco Products, Inc.
a direct marketing distributor of rehabilitation equipment and supplies,
to
Alimed, Inc.
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The sale of
St. Charles Manufacturing, Inc.
a manufacturer of high-end laboratory cabinets, fume hoods and stainless steel medical furniture and equipment,
to
a unit of
American Specialties, Inc.
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The sale of
a majority equity interest of
TechRx, Inc.
the leading developer of information systems for large scale and mail order pharmacies,
to
an investor group.
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The sale of
Republic Drug Company, Inc.
a well-established specialty manufacturer/ repackager of over-the-counter (non-prescription) pharmaceuticals, personal care products and health and beauty aids,
to
a private investment firm.
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The sale of
Triple Crown, Inc.
a manufacturer of veterinary pharmaceuticals,
to
Neogen Corporation.
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The sale of
Scientific Associates, Inc.
a contract research organization specializing chemical, microbiological and toxicological testing of pharmaceuticals,
to
Celsis International plc
a British manufacturer of laboratory testing equipment.
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The divestiture by
Advanced Technologies Laboratories, Inc.
of its NovaMicrosonics Division, manufacturers of ultrasound imagemanagement systems for the radiology and cardiology markets.
to
Eastman Kodak Corporation
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The sale of
Garelick Manufactuing Corporation
a producer of durable medical equipment
to
Norsons Internatiional L.L.C.
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The sale of
GAM Industries, Inc.
a manufacturer of emergency medical equipment and disposables,
to
Duro-Med Industries, Inc.
a subsidiary of Jordan Industries, Inc.
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The sale of
Mayflower Podiatry Supply Corp.
a specialized mail order distributor of podiatry equipment and supplies,
to
Henry Schein, Inc.
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The sale of
Medical Specialties International, Inc.
a producer of specialized blood samples used in the calibration of blood diagnostic equipment,
to
The Argentum Group
a private investment firm.
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The sale of
Medical Surgical Center, Inc.
a nursing home supply company,
to
Gateway Healthcare Corporation
(now part of PSS World Medical Inc.).
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The sale of
Mission Dental, Inc.
a manufacturer of disposables for the dental field,
to
a private investment group.
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The sale of
National Psychopharmacology Laboratories, Inc.
to
Vantage Partners
a private investment firm.
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The sale of
O’Connor Laboratories Inc.
to
Columbia Laboratories, Inc.
both manufactures of pharmaceutical preparations.
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The sale of
Ormed Manufacturing Inc.
a manufacturer of cotton surgical sponges,
to
Cederroth O. R. Medical Inc.
an international manufacturer of medical devices and disposables.
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The sale of
Access Medical Supply
a supplier of disposable incontinent products.
to
Edgepark Surgical, Inc.
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The sale of
the physician supply division of
Bellevue Surgical Supply Company Inc.
to
a private investment group
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The sale of
Bond Healthcare, Inc.
a division of DebMar, Inc.
to
Henry J. Schein, Inc.
Bond is a nationwide mail order distributor of vaccines to physicians and other healthcare providers
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The sale of
Ethox Corp.
a manufacturer of molded plastic medical devices and a contract supplier of ethylene oxide sterilization services,
to
Andlinger, Inc.
a private investment firm.
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The sale of
Emjay Medical Supplies Corp.
a physicians’ supply company,
to
Tri-State Medical Corp.
(subsequently acquired by Henry Schein, Inc.).
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The divestiture by
PacifiCare Health Systems, Inc.
of its subsidiary Pacific Review Services, Inc., a utilization review and medical case management firm
to
CAPP CARE, Inc.
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The divestiture of the
Biological Division
of Meadox Medical Inc.
to
Biovascular Corporation.
The Biological Division manufactures implantable arterial grafts crafted from human umbilical cords.
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The divestiture by
Surgical Technologies, Inc.
of its Medical Drape Division
to
Microtek Medical, Inc.
(now part of Isolyser Healthcare).
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The divestiture of the
Med-Surg
supply division of Health Care Source Inc.
to
a subsidiary of
Henry Schein, Inc.
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The sale of
Healthrac Inc.
a provider of X-ray and electrocardiograph diagnostic services to nursing home patients
to
Greenhead Holdings
a private investment group.
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The sale of
Product Professionals Inc.
a distributor of specialty wheelchairs,
to
a private investment group.
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The sale of
Valley Biomedical Products & Services Inc.
a specialty distributor to hospitals
to
Gateway Healthcare Corporation.
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The acquisition by
Edgepark Surgical, Inc.
of
Meyer Distributing Company.
a direct catalog marketer of chiropractic and orthopedic equipment and supplies
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The acquisition by
Prism Enterprises, Inc.
of
Neward Enterprises, Inc.
a manufacturer of vacuum extraction products for the obstetrical market.
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The strategic alliance of
The Purdue Frederick Company
a manufacturer of pharmaceuticals
with
Deprenyl Research Ltd.
a Canadian pharmaceutical producer.
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The sale of
Scrip Inc.
a mail order distributor of chiropractic products,
to
Scientific Supply Company
a distributor of medical scientific disposables.
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The divestiture by
Rajowalt Corp.
of its Medical Orthopedic Splint Division
to
Faretec, Inc.
a durable equipment manufacturer.
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The divestiture by
APL Corp.
of APL Medical Supply, its physicians supply subsidiary
to
F. D. Titus Corporation
(part of PSS World Medical, Inc.)
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The sale of
Eastern X-Ray Manufacturing Corporation
a service and manufacturing company serving the radiology field,
to
a private investor.
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The sale of
Breathing Therapy Inc.
a respiratory therapy equipment supplier
to
Best Medical Inc.
a home medical equipment provider
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The sale of
Brunswick Medical Corp. (Ortho-Mold)
a manufacturer of molded orthopedic products,
to
Hanger Orthopedic Group Inc.
a nationwide provider of orthopedic and prosthetic products.
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The sale of
Amserv Medical Corp.
a provider of services interpreting electrocardiograms and holter monitoring tapes
to
a private investment group
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The sale of
Harrisburg Healthcare Inc.
a distributor of disposables to the nursing home market
to
MicroBio Medics, Inc.
which was subsequently acquired by Henry Schein, Inc.
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The sale of
MediQuest Inc.
a distributor of enteral nutrition products,
to
Choice Drug Systems Inc.
an institutional pharmacy.
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The sale of
Mineola Medical Laboratories Inc.
a medical laboratory specializing in pathology,
to
Island Diagnostic Laboratory Inc.
a network of clinical medical laboratories.
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The sale of
ALKO Diagnostic Corporation
a manufacturer of consumables for blood gas analyzers, co-oximeters and other blood chemistry analytical instruments
to
Shandon Inc.
(part of Thermo Electron Corporation)
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The sale of
Duraline Medical Products Inc.
a mail order distributor of incontinence products,
to
Grove Partners
a private investment group.
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The divestiture by
Premier Health Alliance, Inc.
of Premier Health AllianceeHea, a clinical research organization
to
Research Data Worldwide Inc.
an international contract research corporation.
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The sale of
certain operating assets of
Therex Corp.
a producer of implantable vascular access ports,
to
Boston Scientific Corp.
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The sale of
GSI Medical Systems, Inc.
a manufacturer of low air-loss mattress systems,
to
Invacare Corporation.
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The sale of
Northeast Surgical Tool Co. Inc.
a contract manufacturer of rotating cutting tools for the orthopedic and neuro surgical fields
by
Thermo Electron Corporation
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