RoundTable Healthcare Partners Portfolio Company, Healthcare Components Group, Acquires Endoscopy Development Company
LA FOREST DU LAC, Ill., November 17, 2021 / PRNewswire / – RoundTable Healthcare Partners (“RoundTable”), an operating private equity firm focused exclusively on the healthcare industry, today announced that its holding company, Healthcare Components Group ( “HCG”), acquired Endoscopy Development Company (“EDC”). Founded in 2003, EDC is a leader in precision engineering and the manufacture of repair and replacement parts used in the repair of flexible endoscopy equipment. The company is headquartered in Maryland Heights, Missouri, with around 100 employees worldwide.
The addition of EDC to the HCG family provides customers with a true one-stop shop for all endoscopy components by bringing together two well-known leaders in the optical and flexible categories. The combination of these activities will lead to faster product launches as well as a more streamlined shopping experience for HCG customers. Marcus Rosenberg, the current president of EDC, will assume an expanded role as president of HCG, Americas, and Jeffrey Lay, co-founder of EDC, will remain an investor in the company and serve on the board of directors of HCG.
Larry hicks, CEO of HCG said, “This acquisition significantly enhances our offering of components used in the development and repair of endoscopes to our customers while simultaneously providing a better career development opportunity for our employees in a larger company and more robust. Marcus Rosenberg added, “We are delighted to partner with HCG and RoundTable. We believe that the combined product portfolio will allow us to better serve our customers. ”
“We are extremely excited to invest more in the growth of HCG,” said Tom kapfer, Managing Partner of RoundTable and President of HCG. “Jeff and Marcus have built a great company which is the market leader in flexible endoscope parts. We are very happy to bring together two of the best manufacturers of endoscope components. “
Healthcare Components Group funded the acquisition with a combination of additional senior debt and an investment in additional shares of RoundTable’s V equity fund. Capital One Healthcare and CIBC have participated in the Supplemental Senior Credit Facility. Gibson Dunn & Crutcher LLP acted as legal counsel to RoundTable in this transaction. Lincoln International LLC and Bryan Cave Leighton Paisner LLP acted as advisers to EDC in connection with the transaction. Financial terms of the transaction were not disclosed.
ABOUT THE ENDOSCOPY DEVELOPMENT COMPANY
Founded in 2003, EDC is a leader in precision engineering and the manufacture of repair and replacement parts used in the repair of flexible endoscopy equipment. The company is distributed in more than 45 countries and offers more than 1,200 components for a wide range of brands and models of endoscopes. EDC is headquartered in Maryland Heights, Missouri, and more information about EDC is available at www.edcparts.com.
ABOUT THE HEALTH COMPONENTS GROUP
Healthcare Components Group is a manufacturer and supplier of medical components and medical parts used in the repair and fabrication of mission critical medical devices. HCG represents the combination of American Optics, a manufacturer and distributor of replacement components used in the repair of flexible and rigid endoscopes and new components used in the manufacture of endoscopes, and of Replacement Parts Industries, a manufacturer and distributor of approximately 4000 parts serving a wide range of medical products. and dental equipment. You can find more information about HCG at: www.endoscopeparts.com/ao-erp and www.rpiparts.com.
ABOUT THE ROUND TABLE HEALTH PARTNERS
RoundTable Healthcare Partners, based in Lake Forest, Illinois, is an operating private equity firm focused exclusively on the healthcare industry. RoundTable partners with companies that can benefit from its extensive industry relationships and proven operational and transactional expertise. RoundTable has a proven track record of working with owners / founders, family businesses, management teams, entrepreneurs and corporate partners who share a vision and believe in the value creation potential of its partnership model. The round table raised $ 3.45 billion in committed capital, including five equity funds totaling $ 2.85 billion and three subordinated debt funds totaling $ 600 million. For more information on RoundTable Healthcare partners, visit www.roundtablehp.com.
SOURCE Roundtable Healthcare Partners