Tuesday, RoundTable Healthcare Partners, an operating-oriented private equity firm signed a definitive agreement to sell one of its portfolio companies, Ascent Healthcare Solutions to Stryker Corp.(SYK) for $525 million in cash. Prior to closing, Ascent will distribute $35 million of cash from its balance sheet to its shareholders, taking the total proceeds from the sale to approximately $560 million.
Ascent is the independent third-party reprocessor of single-use medical devices in the healthcare industry. It was created through a merger of Vanguard Medical Concepts, Inc. and Alliance Medical Corp. in December 2005. RoundTable acquired a majority interest in Vanguard in September 2001.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.