RoundTable Healthcare Partners Leads Portfolio Company Add-On Acquisition

Avalign Technologies, Inc. Completes Acquisition of Nemcomed, Inc. LAKE FOREST, Ill., Aug. 1 /PRNewswire/ -- RoundTable HealthcarePartners ("RoundTable"), an operating-oriented private equity firm focusedexclusively on the healthcare industry, announced today that its portfoliocompany Avalign Technologies, Inc. ("Avalign") completed the acquisition ofNemcomed, Inc. ("Nemcomed"). Nemcomed is a leading designer andmanufacturer of precision machined medical implants and instrumentation fororthopedic specialties. Avalign is RoundTable's platform investment in themedical device outsourcing market and Nemcomed is the third businessacquired to create the platform. The other two businesses are InstrumedInternational, which specializes in the manufacturing and sourcing ofpremium quality surgical instruments, and Advantis Medical, a leadingdesigner and manufacturer of medical case / tray organizing systems forsurgical instruments, implants and medical devices. The financial terms ofthe transaction and RoundTable's investment were not disclosed. "The Nemcomed acquisition presented a highly strategic opportunity forAvalign," said Joseph F. Damico, a Founding Partner of RoundTable andChairman of Avalign. "Nemcomed provides Avalign with first class precisionmachining capabilities, a strong team of design engineers and a proprietaryline of instrumentation. The acquisition positions Avalign to be a leadingfull-service provider of outsourced services to medical device OEMs." "The acquisition of Nemcomed is another step towards achieving ourstrategic objectives," said Forrest Whittaker, Chief Executive Officer ofAvalign. "The three businesses within the Avalign platform havecomplementary product offerings, manufacturing capabilities and customers.In the near-term Avalign will focus on providing its customers with moreproducts and services while maintaining best-in-class customer service andresponsiveness." "We are excited to have the opportunity to work with RoundTable andAvalign," said Greg Stalcup, President of Nemcomed. "The combination of thebusinesses will create a stronger organization that is better positioned toserve our customers. The partnership with Avalign and RoundTable will helpprovide access to new customers and markets and ensures that we have thecapital to fund our growth initiatives." As part of the transaction and to finance further growth opportunitiesfor Avalign, RoundTable facilitated the successful completion of new seniorcredit facilities and a private placement of subordinated notes. The seniorcredit facilities were led by LaSalle Bank with GE Healthcare FinancialServices participating in the credit. Avalign's senior subordinated noteswere purchased by RoundTable Capital Partners, RoundTable's $200 millioncaptive subordinated debt fund. RoundTable Healthcare Partners, Lake Forest, IL, is anoperating-oriented private equity firm focused exclusively on thehealthcare industry. RoundTable partners with companies that can benefitfrom its extensive industry relationships and proven operating andtransaction expertise. RoundTable has established a successful track recordof working with owner/founders, family companies, management teams,entrepreneurs, and corporate partners who share a vision and believe in thevalue creation potential of its partnership model. RoundTable currentlymanages $1.1 billion in capital, including two equity funds totaling $900million and a subordinated debt fund of $200 million. More informationabout RoundTable Healthcare Partners can be found athttp://www.roundtablehp.com.