Aspen Surgical

Aspen Surgical, established in 1999, operates as a manufacturer of disposable surgical products tailored for the hospital and surgery center markets. The company's business has been shaped by a series of strategic ownership changes and a focused acquisition strategy. Initially a private entity, it was acquired by RoundTable Healthcare Partners in 2006, which facilitated significant growth, including the 2010 acquisition of the Bard-Parker™ surgical blades and scalpels business from Becton, Dickinson and Company. In 2012, Hill-Rom Holdings purchased Aspen for $400 million, integrating it into its surgical division and leveraging Aspen's reported annual revenue of approximately $120 million at the time. The company's trajectory shifted again in 2019 when Audax Private Equity acquired it from Hill-Rom for $170 million.

Under Audax's ownership, Aspen has pursued an aggressive "Buy & Build" approach, completing numerous acquisitions to expand its product lines and market reach. Notable acquisitions include Precept Medical Products (personal protective equipment), Protek Medical Products (probe covers and needle guides), Stork (labor and delivery products), and a transformative deal for Symmetry Surgical in 2022. The Symmetry acquisition nearly doubled Aspen's revenue and earnings, adding iconic brands like Bovie, Bookwalter, and Greenberg to its portfolio and diversifying into reusable instrumentation and electrosurgery. This has positioned Aspen as a significant provider to acute care facilities and ambulatory surgery centers, selling products directly through a dedicated sales force and indirectly via a network of distributors and kit-packers. Revenue is generated from the sale of these single-use and reusable surgical supplies.

Aspen's product portfolio is extensive, designed to enhance safety and efficiency throughout the perioperative process. Core offerings include market-leading Bard-Parker® blades and scalpels, wound care dressings, surgical marking pens, orthopedic positioners, and infection control products. With the integration of Symmetry and other acquired companies, the portfolio now also encompasses laparoscopic products, electrosurgical devices, sterile processing tools, and specialized instrumentation for various surgical fields. The company operates manufacturing and distribution facilities in Caledonia, Michigan; Las Piedras, Puerto Rico; and Agua Prieta, Mexico, giving it vertically integrated North American production capabilities, from blade grinding to injection molding and automated assembly.

Keywords: surgical disposables, perioperative solutions, medical device manufacturer, single-use surgical products, acute care supplies, ambulatory surgery centers, Bard-Parker scalpels, Bookwalter retractor, Bovie electrosurgery, operating room supplies, infection control products, surgical safety, Audax Private Equity, Hill-Rom, RoundTable Healthcare Partners, surgical instrumentation, wound care, patient positioning, medical product manufacturing, healthcare consumables, OEM medical products