Press Contacts

Murad Beg
Managing Director
p. 440.684.1400
mbeg@linsalatacapital.com

Linsalata Capital Partners’ Portfolio Company Neurotherm, Inc. Makes Acquisition

June 30, 2011

Download pdf version
Mayfield Heights, Ohio (July 7, 2011) – Linsalata Capital Partners announced today the acquisition of the Parallax and Contour product lines, used in interventional spine procedures from AthroCare (NASDAQ:ARTC), by its portfolio company NeuroTherm, Inc. The acquisition closed on June 30, 2011.

“The Parallax and Contour product lines fit very well within NeuroTherm’s platform for the interventional pain and radiology space, and are highly complementary to our existing product offering,” said Larry Hicks, CEO of NeuroTherm. “This is an exciting opportunity that will enable us to leverage our clinical expertise and strong sales channels, while expanding our customer base and offering existing customers more treatment options for their patients,” continued Hicks.

“This transaction reinforces our vision to invest in the NeuroTherm platform that we acquired in February, which serves the field of Interventional Pain,” commented Eric Bacon, Chairman of the company and a senior managing director of Linsalata Capital Partners.

The acquisition of the Parallax and Contour product lines is Linsalata’s second health care acquisition this year. The current portfolio includes companies in the aerospace & defense, apparel, building products, consumer products, distribution/converting, food and beverage, health care and packaging industries.

About NeuroTherm
NeuroTherm is a leading manufacturer of products used in the field of Interventional Pain, including radio frequency generators and related consumables used in the treatment of chronic pain. NeuroTherm markets and sells to Interventional Pain, Interventional Radiology, Orthopedic and Foot & Ankle Specialists.

NeuroTherm is based in Wilmington, Massachusetts with corporate offices in the United Kingdom, Germany and the Netherlands. Linsalata Capital Partners Fund V, L.P. partnered with management to lead the acquisition of the company in February, 2011.

About Linsalata Capital Partners
Located in the Cleveland suburb of Mayfield Heights, Ohio, Linsalata Capital Partners was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle-market companies. In its more than 27 years of investing, the firm has completed 99 buy-side transactions totaling more than $2.5 billion. Linsalata Capital Partners is currently investing from its sixth fund, Linsalata Capital Partners Fund V, L.P. (LinCap V), with $425 million in committed equity capital.

return to listings