PARK CITY, Utah, Dec. 28, 2020 /PRNewswire/ -- DW Healthcare
Partners ("DWHP") a healthcare-focused private equity firm,
announced today the closing of its previously disclosed sale of
Z-Medica ("Z-Medica" or "the Company") to Teleflex Incorporated
(NYSE: TFX) ("Teleflex"). Z-Medica, a portfolio company of DW
Healthcare Partners and Linden Capital Partners ("Linden"), is a
leading manufacturer and marketer of patented hemostatic products
that enable healthcare providers, military personnel, and first
responders to control bleeding and hemorrhaging.
DWHP first invested in Z-Medica in September of 2012 and
realized substantial growth in the business through channel
diversification and new product development. In September 2017, DWHP sold majority control of the
asset to Linden. DWHP representatives Doug
Schillinger and Stephen
Fanning remained on the Board of Directors, partnering with
Linden and Z-Medica management to build the Company into the
leading hemostatic products company that it is today.
"It has been extremely edifying to see Z-Medica transform over
the years. We took what was essentially just a product line in 2012
and we built an exciting and diversified company out of it," said
Doug Schillinger, Managing Director
at DWHP. "Five years later, we agreed to stay involved and partner
with Linden to launch the QuickClot Control+® product line which
has become a staple in U.S. trauma centers."
Eric Compton, CEO of Z-Medica
said, "DWHP's continued involvement in the business has been
critical to our ongoing success as they have provided important
historical context, as well as continued guidance. I would like to
thank Doug and Steve for their tremendous insight and partnership
as Board members."
Truist Securities acted as financial advisor to Z-Medica and
Kirkland & Ellis LLP served as legal counsel. Guggenheim
Securities acted as financial advisor to Teleflex and Holland & Knight LLP is served as legal
counsel.
About DW Healthcare Partners
DW Healthcare Partners is a private equity firm focused
exclusively on the healthcare industry. The firm manages over
$1.43 billion in aggregate capital
commitments and invests in leading healthcare companies with proven
management teams. DW Healthcare Partners is led by seasoned
healthcare executives with more than 120 years of combined industry
experience. The firm provides the capital, strategic guidance, and
acquisition expertise to help mid-stage companies realize their
growth potential. For more information, please visit:
www.dwhp.com.
About Z-Medica, LLC
Z-Medica, LLC, is a medical device manufacturer based in
Wallingford, CT that is focused on
the development, sale and marketing of innovative hemorrhage
control products. For over a decade, Z-Medica has helped hospitals,
militaries, law enforcement, first responders and consumers around
the globe save lives and improve medical outcomes with their
QuikClot® brand of products which are manufactured in the United States. For more information, visit
http://www.QuikClot.com and http://www.Z-Medica.com.
About Linden Capital Partners
Linden Capital Partners is a Chicago-based private equity firm focused
exclusively on the healthcare industry. Founded in 2004, Linden is
one of the country's largest dedicated healthcare private equity
firms. Linden's strategy is based upon three elements: (i)
healthcare specialization, (ii) integrated private equity and
operating expertise, and (iii) its differentiated human capital
program. Linden invests in middle market platforms in the medical
products, specialty distribution, pharmaceutical, and services
segments of healthcare. Since its founding, Linden has invested
more than $2 billion in healthcare
companies and has raised nearly $3
billion of commitments, augmented by capital provided by the
firm's limited partners for larger transactions. For more
information, please visit www.lindenllc.com.
About Teleflex Incorporated
Teleflex is a global provider of medical technologies designed
to improve the health and quality of people's lives. We apply
purpose-driven innovation – a relentless pursuit of identifying
unmet clinical needs – to benefit patients and healthcare
providers. Our portfolio is diverse, with solutions in the fields
of vascular access, interventional cardiology and radiology,
anesthesia, emergency medicine, surgical, urology and respiratory
care. Teleflex employees worldwide are united in the understanding
that what we do every day makes a difference. For more information,
please visit www.teleflex.com.
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SOURCE DW Healthcare Partners