Selected Transactions

SECTOR	ACQUIROR	ACQUIRED COMPANY	COMMENTS
Surgical Supplies	Med-Dispense, Inc. a provider of automated pharmaceutical delivery products	Diebold's SupplySource Division the automated med/surg supplies dispensing division of Diebold, Inc., the world's largest manufacturer of automated teller machines
Rehabilitation Products	Alimed, Inc. a leading manufacturer and direct marketer of rehab, orthotic, orthopedic and ergonomic products	Felco Products, Inc. a direct marketing distributor of rehabilitation equipment and supplies
Specialty Pharmaceuticals	Cardinal Pharmaceuticals a manufacturer and repackager of pharmaceutical and personal care products	American Nutritional Products, LLC dba American Pharmaceutical Company a repackager of over-the-counter pharmaceutical products
Medical Services	National Healthcare Resources, Inc. a medical management company	Claimstat, Inc. a medical service firm specializing in independent medical exams and cost containment
Obstetrics	Utah Medical Products, Inc. a specialty manufacturer of women's health products	Columbia Medical & Surgical, Inc a manufacturer of vacuum-assisted obstetrical delivery systems
Specialty Pharmaceuticals	A private investment firm.	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
Laboratory Products	American Specialties, Inc. a diversified provider of home care and sanitation products.	St. Charles Manufacturing, Inc. a manufacturer of high-end laboratory cabinets, fume hoods and stainless steel medical furniture and equipment
Healthcare IT / Pharmaceutical Distribution	An investor group.	A Majority Stake in TechRx, Inc. the leading developer of information systems for large scale and mail order pharmacies
Specialty Pharmaceuticals	Neogen Corporation. a maker of food and animal safety products.	Triple Crown, Inc. a manufacturer of veterinary pharmaceuticals
Contract Research Organization	Celsis International plc (UK) a British manufacturer of laboratory testing equipment	Scientific Associates, Inc. a contract research organization specializing chemical, microbiological and toxicological testing of pharmaceuticals
Diagnostic Imaging / Healthcare IT	Eastman Kodak Corporation a major medical and commercial imaging company	NovaMicrosonics Radiology PACS Division of Advanced Technologies Laboratories, Inc. (part of Philips Healthcare)	The Walden Group represented Advanced Technologies Laboratories' NovaMicrosonics Division and arranged for the transaction.
Dental	Keystone Industries a provider of dental and veterinary products.	A dental product line of Mission Dental, Inc. a manufacturer of disposables for the dental field	The Walden Group represented Mission Dental and arranged for the transaction
DME/HME Products	Norsons International L.L.C. a DME/HME provider	Garelick Manufacturing Corporation a producer of durable medical equipment	The Walden Group represented Garelick Manufacturing and arranged for the transaction.
Medical Supplies	Tri-State Medical Corp. (subsequently acquired by Henry Schein, Inc.).	Emjay Medical Supplies Corp. a physician's supply company	The Walden Group represented Emjay Medical Supplies and arranged for the transaction.
Implantable Arterial Grafts	Biovascular Corporation. The Biological Division manufactures implantable arterial grafts crafted from human umbilical cords	Biological Division of Meadox Medical Inc.	The Walden Group represented the Biological Division of Meadox Medical and arranged for the transaction.
Specialty Pharmaceuticals	Vantage Partners a private investment firm	National Psychopharmacology Laboratories, Inc.	The Walden Group represented National Psychopharmacology Laboratories and arranged for the transaction.
Utilization/Disease Management	CAPP CARE, Inc. a managed care company	PacifiCare Health Systems, Inc. of its subsidiary Pacific Review Services, Inc., a utilization review and medical case management firm	The Walden Group represented the PacifiCare Health Systems and arranged for the transaction.
Surgical Products	Cederroth O. R. Medical Inc. an international manufacturer of medical devices and disposables	Ormed Manufacturing Inc. a manufacturer of cotton surgical sponges	The Walden Group represented Ormed Manufacturing and arranged for the transaction.
Specialty Pharmaceuticals	Columbia Laboratories, Inc. both manufactures of pharmaceutical preparations	O'Connor Laboratories Inc.	The Walden Group represented O'Connor Pharmaceuticals and arranged for the transaction.
Incontinence	Edgepark Surgical, Inc. a home medical supplies provider	Access Medical Supply a supplier of disposable incontinent products	The Walden Group represented Access Medical Supply and arranged for the transaction.