Information on the Target

RoundTable Healthcare Partners has successfully acquired Symmetry Surgical Inc., a prominent company in the surgical instrumentation and specialty devices sector. Headquartered in Nashville, Tennessee, Symmetry is recognized for its extensive range of reusable, reposable, and single-use surgical instruments. The acquisition marks a significant step for RoundTable as it aims to enhance Symmetry's innovative product offerings and broaden its market reach.

Symmetry is committed to delivering high-quality surgical instruments designed to meet the evolving needs of healthcare professionals. The company collaborates closely with healthcare providers globally to develop medical devices that exceed expectations. With a rich portfolio featuring renowned brands such as BOOKWALTER®, GREENBERG®, and RAPIDCLEAN®, Symmetry is positioned as a leader in the industry.

Industry Overview

The surgical instrumentation market has experienced robust growth in the United States, driven by advancements in surgical procedures and an increasing demand for high-quality medical devices. This growth is fueled by factors such as an aging population, rising healthcare expenditures, and a focus on improving patient outcomes through innovative surgical solutions.

In Tennessee, the healthcare sector is a vital component of the state’s economy, ranking among the top industries for employment and revenue generation. The state is home to a multitude of healthcare facilities and companies, which encourages a competitive environment that fosters innovation and attracts investments in surgical technologies.

Furthermore, the surgical instrumentation industry is witnessing a shift towards minimally invasive procedures, prompting a demand for specialized surgical tools. This shift not only enhances patient recovery times but also minimizes healthcare costs, making it an attractive market for investment. The increasing adoption of robotic-assisted surgeries has further increased the need for advanced surgical instruments, positioning companies like Symmetry favorably in the marketplace.

As healthcare continues to evolve, there is a growing emphasis on value-based care, leading providers to seek partnerships with companies that deliver high-quality products. This trend highlights the importance of having a reliable partner with extensive healthcare experience, such as RoundTable Healthcare Partners.

The Rationale Behind the Deal

The acquisition of Symmetry Surgical Inc. by RoundTable Healthcare Partners represents a strategic move to establish a robust platform in the surgical instrumentation sector. This aligns with RoundTable’s objectives to invest in healthcare companies that can leverage the firm's operational and transactional acumen.

RoundTable's investment is expected to pave the way for enhanced product development and expansion opportunities for Symmetry. With the firm’s guidance, Symmetry aims to broaden its customer base and strengthen its market position through the introduction of innovative products.

Information about the Investor

RoundTable Healthcare Partners is a private equity firm based in Lake Forest, Illinois, specializing exclusively in the healthcare sector. With a focus on operational expertise, RoundTable partners with companies that can benefit from its extensive industry knowledge and strong relationships. The firm has successfully raised $2.75 billion in committed capital, positioning itself as a key player in healthcare investments.

The firm’s approach involves collaborating with owner/founders and management teams who share a vision for growth. RoundTable's proven track record, combined with its financial commitment, ensures that its portfolio companies receive the necessary resources to thrive in a competitive market.

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This acquisition is highly regarded as a positive investment decision for both parties. RoundTable's extensive healthcare experience and focus on operational improvement provide Symmetry with the necessary support to enhance its market offerings. The partnership is expected to result in accelerated growth for Symmetry, particularly as it capitalizes on the increasing demand for surgical instrumentation.

Given the current trends in the surgical market, including the shift towards minimally invasive procedures and the emphasis on innovation, Symmetry stands to benefit significantly from RoundTable's investment and strategic guidance. The deal aligns well with RoundTable's objective of targeting companies poised for growth within the healthcare sector, making it a calculated and promising investment.

In conclusion, the strategic acquisition of Symmetry Surgical Inc. presents an opportunity for both RoundTable and Symmetry to leverage each other's strengths. As they work collaboratively to innovate and expand, this deal could lead to substantial advancements in surgical instrumentation, ultimately benefiting healthcare providers and patients alike.

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RoundTable Healthcare Partners

invested in

Symmetry Surgical Inc.

in 2016

in a Platform Acquisition deal

Disclosed details

Transaction Size: $650M

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