sale to ICU Medical Inc.

sale to ICU Medical Inc.


Baird served as the exclusive financial advisor to Excelsior Medical Corporation on this transaction.


Excelsior Medical Corporation (“Excelsior” or the “Company”), a portfolio company of RoundTable Healthcare Partners (“RoundTable”), was recently acquired by ICU Medical Inc. (“ICU Medical”) (NASDAQ: ICUI) for a purchase price of $59.5 million. ICU Medical also signed a definitive agreement to sell the operating assets of the Company’s SwabFlush and the pre-filled saline and heparin flush syringes to Medline Industries, Inc. (“Medline”) for $27 million.

Excelsior is a leading provider of intraluminal catheter care and disinfection products. The Company has developed and commercialized the innovative SwabCap® and SwabFlush™ products, and is a leader in pre-filled saline and heparin flush syringes. The Company also manufactures and sells pharmacy filling and syringe infusion pumps and tubing systems. Excelsior is headquartered in Neptune, New Jersey.

RoundTable is an operating-oriented private equity firm focused exclusively on the healthcare industry. RoundTable partners with companies that can benefit from its extensive industry relationships and proven operating and transaction expertise. RoundTable has established a successful track record of working with owner/founders, family companies, management teams, entrepreneurs and corporate partners who share a vision and believe in the value creation potential of its partnership model. RoundTable is headquartered in Lake Forest, Illinois.

ICU Medical develops, manufactures and sells innovative medical technologies used in infusion therapy, oncology and critical care applications. ICU Medical's products improve patient outcomes by helping prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs. ICU Medical’s complete product line includes custom IV systems, closed delivery systems for hazardous drugs, needlefree IV connectors, closed blood sampling systems and hemodynamic monitoring systems. ICU Medical is headquartered in San Clemente, California.

Medline is a global manufacturer and distributor serving the healthcare industry with medical supplies and clinical solutions that help customers achieve both clinical and financial success. Medline offers 350,000+ medical devices and support services through more than 1,200 direct sales representatives who are dedicated points of contact for customers across the continuum of care. Medline is headquartered in Mundelein, Illinois.

For additional information about this transaction, please contact:

Rob Andrews +1 (312) 609-5489
Manish Gupta +1 (414) 765-3802
Brian Doyal +1 (312) 609-4916
Chris Coetzee +1 (312) 609-4913
Vipul Patel +1 (312) 609-4933
Vincenzo di Nicola +44 (0) 207 667 8532
sale to ICU Medical Inc.
October 2015
Excelsior Medical Corporation
Target Location
North America
Acquiror Location
North America