RoundTable Healthcare Partners Makes Investment in Vesta, Inc.
LAKE FOREST, IL, August 1, 2007 — RoundTable Healthcare Partners (“RoundTable”), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today that it has acquired a majority interest in Vesta, Inc. (“Vesta”). Vesta, based outside Milwaukee, Wisconsin, is a leading supplier of silicone medical products to the OEM medical device industry. The Vesta management team, led by CEO Phil Estes, as well as owner-founders Chuck Heide and Glenn Hubbard, will retain a substantial ownership stake in the company and will continue to lead the management of the organization. Financial terms of the transaction were not disclosed.