The global medical technology manufacturer provides disposable products focused on sterility and staff and patient safety.
Roundtable founding partner and co-chairman Lester Knight said, “This transaction marks the second portfolio realization for RoundTable’s $500m Fund II, and generated a return of more than four times invested equity capital for our investors.”
Roundtable invested in Aspen in 2006.
Fellow founding partner and co-chairman Joseph Damico said, “Aspen’s management team did a tremendous job of building a portfolio of market-leading products that enable hospitals and surgery centers to reduce preventable medical errors and costs while also improving the quality of care.
“We believe that Hill-Rom will be a strong strategic partner for the company, its employees and customers going forward.”
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