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Los Angeles, CA – December 24, 2010 – Bison Capital announced that it has sold its security holdings in The Center for Wound Healing, Inc., a leading manager of comprehensive wound care treatment centers that offer advanced wound care and hyperbaric oxygen therapy. The Center for Wound Healing was acquired by Sverica International.
The Center for Wound Healing is a leading manager of comprehensive wound care treatment centers that offer advanced wound care modalities as well as hyperbaric oxygen therapy ("HBOt"). The Company manages 36 wound care centers in the United States in partnership with local acute care hospitals. The Company was founded by physicians in 1997 with a focus on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. The Company's centers have consistently achieved high treatment success rates, resulting in a dramatic increase in patient quality of life and significant cost savings to the healthcare system.
"We have thoroughly enjoyed our partnership with the management team at The Center for Wound Healing and thank them for making Bison's investment in the company a great success. The company is ideally positioned for future growth and profitability and will undoubtedly continue its tradition of outstanding patient care," said Doug Trussler, Partner at Bison Capital.
Andrew Barnett, Chief Executive Officer of The Center for Wound Healing commented, "We had the good fortune of partnering with Bison Capital in early 2008. Bison provided our company with the capital necessary to restructure our balance sheet and to invest in future growth. The great value of our partnership was the accessibility of Bison's principals to better define our strategies and think through potential successful outcomes. Bison did what it committed to do, its people are true to their word and I trust each of them implicitly. I welcome the opportunity to partner again with Bison when the opportunity arises."
Bison Capital makes growth equity investments in middle-market companies, public or private, for expansion, acquisitions or balance sheet restructuring. The firm’s primary investment focus is partnering with entrepreneurs and management teams seeking capital to grow their businesses. |
