RoundTable Healthcare Partners Makes Additional Equity Investment in Argon Medical Devices, Inc.
LAKE FOREST, IL, May 2, 2005 — RoundTable Healthcare Partners (“RoundTable”), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today that it has made an incremental equity investment in its portfolio company Argon Medical Devices, Inc. (“Argon”) to fund Argon’s strategic acquisition of Clinical Innovations, Inc. (“Clinical Innovations”). Clinical Innovations is a leading designer and manufacturer of single-use medical devices used primarily in the women’s health, urology, and gastroenterology markets. Argon is a leading manufacturer and supplier of specialty single-use vascular access and pressure monitoring devices utilized in the cardiology, radiology and critical care market segments. Argon and Clinical Innovations will be combined to form a new specialty medical device manufacturer, ACI Medical Devices, Inc. (“ACI Medical”). The financial terms of the transaction and RoundTable’s incremental equity investment were not disclosed.