BioHorizons, a portfolio company of HealthpointCapital has filed for a $100 million IPO with Piper Jaffray and Jefferies & Company acting as joint book-running managers. The producer of oral reconstructive devices intends to list on the NASDAQ under the symbol BHZN and use the proceeds from the offering to pay off existing indebtedness, to expand distribution channels and for general corporate purposes. The company was acquired by HealthpointCapital in a 2006 buyout.
108 PE investors have invested in 180 companies in the Medical Devices and Supplies industry in the last three and a half years, according to the PitchBook Platform. Deal activity has slowed in recent years with 75 completed or announced deals in 2007, 52 in 2008 and only 37 in 2009, but with 25 deals already in 2010, deal flow this year could match 2008's. PE investors appear to be most attracted to companies in the Medical Supplies sector of the industry as there have been 46 deals in this sector. Other popular sectors are Surgical Devices with 37 deals and Therapeutic Devices with 35. The most active investors in the industry include RoundTable Healthcare Partners (8 deals), Cortec Group (6) and Olympus Partners (4).