October 2014
RoundTable Healthcare Partners Announces Sale of Tower Holdings, Inc. and Lineage Therapeutics Inc. to Impax Laboratories, Inc.
LAKE FOREST, IL, October 9, 2014 – RoundTable Healthcare Partners (“RoundTable”), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today that it has entered into a definitive agreement to sell Tower Holdings, Inc. (“Tower”), including operating subsidiaries CorePharma LLC (“CorePharma”) and Amedra Pharmaceuticals LLC (“Amedra”) and Lineage Therapeutics Inc. (“Lineage”) (together, the “Companies”) to Impax Laboratories Inc. (“Impax”), a leading, technology-based specialty pharmaceutical company, for $700 million in cash. The closing is conditional on regulatory approval and other customary closing conditions.