PE-Backed Argon Medical Devices to Acquire Biopsy Business
March 26, 2013
Argon Medical Devices, a portfolio company of RoundTable Healthcare Partners, has agreed to acquire the Interventional Products Business of Angiotech Pharmaceuticals. The acquired business manufactures and markets disposable and re-usable biopsy products for the diagnosis of cancer, drainage catheter products and vascular interventional products. The acquisition bolsters Argon's existing portfolio of interventional vascular products, adds additional biopsy product lines and further leverages the company's sales force within core call points. RoundTable, a private equity firm focused exclusively on the healthcare industry, acquired Argon from Maxxim Medical in November 2003.