- Customer Service & Support
- News & Events
Waltham, MA, September 2, 2014 — Beaver-Visitec International, Inc. ("Beaver-Visitec" or "BVI"), a global leader of high-quality and world renowned brands for ophthalmic and specialty microsurgical procedures, announced today the purchase of Endo Optiks, a leader in the treatment of glaucoma and retinal diseases via minimally invasive endoscopy. The Endo Optiks system enables visualization of eye anatomy that could not otherwise be viewed and involves novel treatment approaches supported by a significant body of clinical evidence. BVI is a portfolio company of RoundTable Healthcare Partners, an operating-oriented private equity firm focused exclusively on the healthcare industry.
"We are excited to bring the Endo Optiks technology and products to our customers as a part of the Beaver-Visitec offerings. For over 80 years, BVI has been known to offer a portfolio of premium performing products, all with a longstanding tradition of precision, innovation and quality. The addition of Endo Optiks technology to the BVI portfolio furthers our commitment to providing high-quality, innovative solutions that improve safety and provide better outcomes for surgeons and patients," said Tom Kapfer, President and CEO of BVI.
"BVI and Endo Optiks both believe in offering the best products to our customers. For over thirty years, Endo Optiks has been focused on helping doctors treat patients with glaucoma, and providing better visualization and surgical performance to retinal surgeons," added Dr. Martin Uram, Endo Optiks founder, Chairman and Chief Technology Officer. "I look forward to having our customers join an amazing team of dedicated professionals who specialize in providing the best in ophthalmology."
Financial terms of the transaction were not disclosed. Sidley Austin LLP acted as legal counsel to BVI in this transaction. Wyrick Robbins Yates & Ponton LLP acted as legal counsel to Endo Optiks. The Walden Group, Inc. represented Endo Optiks as financial advisor.
Based in Waltham, Massachusetts, USA, Beaver-Visitec International is a global manufacturer, developer and marketer of ophthalmic and other specialty microsurgical products. They offer products and services for all aspects of Ophthalmic Surgery, including Cataract, Refractive, Oculoplastic, and Vitreoretinal sub-specialties with highly trusted brands such as Beaver®, Visitec®, CustomEyes® Kits, Readypak™ Kits, Visc™, MultiVisc™, Aqueo Premium™ Balanced Saline Solutions, OcuSeal® Liquid Ocular Bandages, Merocel® and Weck-Cel® fluid control products, Wet-Field® Eraser® electrosurgery products, and Parasol® Punctal Occluders. Beaver-Visitec products are distributed in over ninety countries worldwide with a sales force recognized throughout the industry for their clinical expertise and outstanding customer service. With manufacturing locations in different parts of the world, including the US and UK. BVI maintains ISO-9001 and ISO-13485 certified quality standards for its FDA-registered manufacturing plant, with the UK facility acting as the authorized EU representative for CE mark purposes. More information about Beaver-Visitec can be found at www.beaver-visitec.com.
RoundTable Healthcare Partners, Lake Forest, IL, 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 currently manages five funds representing $1.9 billion of committed capital; three equity funds totaling $1.5 billion and two subordinated debt funds totaling $400 million. More information about RoundTable Healthcare Partners can be found at www.roundtablehp.com.
Endo Optiks was founded in Little Silver, New Jersey in 1991 by Dr. Martin Uram, a retinal specialist, and Steve Kohn. Endo Optiks is the sole manufacturer of the E2 combined laser and endoscopy system and the E4 endoscopy system.
More information about Endo Optiks can be found at www.Endooptiks.com.
To have a Beaver-Visitec International Sales Professional contact you with additional product information, send a request now.
Need to speak with our Customer Service or Technical Support teams? Contact us today.