Alpine Biomed Corporation
Alpine Biomed Corporation was a global leader in specialty diagnostic devices for the clinical gastroenterology and neurology markets. It produced and distributed products used to diagnose a range of gastrointestinal tract disorders including gastroesophageal reflux disease (GERD) and neurological conditions such as sleep disorders.
Investment: Water Street acquired majority ownership in Alpine Biomed in 2007 and simultaneously facilitated the acquisition of Medtronic’s neurology diagnostic product line. Over the next two years, we facilitated three more strategic acquisitions that built the company into a global specialty diagnostic device leader in the gastroenterology and neurology clinical markets.
Result: In 2009, Water Street led the strategic sale of Alpine Biomed’s neurodiagnostic business to Natus Medical Incorporated (NASDAQ: BABY). The following year, we sold the gastrodiagnostic business to Given Imaging Ltd (NASDAQ: GIVN). Both transactions positioned the businesses as global leaders in their respective industries.
www.natus.com
www.givenimaging.com
