Inovision Holdings, L.P.
Inovision Holdings, L.P. was a leading developer, manufacturer and distributor of barium sulfate contrast agents, radiation measurement devices, and related quality assurance and patient positioning accessories used in medical diagnostic imaging and radiation therapy. The company became known for its ability to offer the broadest spectrum of leading–edge products and maintenance services to diagnostic imaging markets around the world.
Investment: Our acquisition of Lafayette Pharmaceuticals Incorporated in 1994 served as the foundation for Inovision. Working with management, the Water Street team helped Inovision acquire three additional product lines into its core barium business in 1995 and 1996. Inovision also acquired Victoreen and Keithly in 1998. These acquisitions enabled Inovision to significantly grow its market share, global presence and market position in key distribution segments.
Result: In 2000, Inovision sold the Lafayette business to Tyco International Ltd. Additional Inovision businesses were sold to Syncor in a subsequent transaction in 2001.
