Medline Industries, Mundelein, Ill., and RoundTable Healthcare Partners, a private equity firm in Lake Forest, Ill., won bankruptcy court approval to buy the assets of Maxxim Medical for approximately $100 million. Maxxim, Clearwater, Fla., a manufacturer of specialty medical products, has been in Chapter 11 bankruptcy since February. The deal is expected to close within 10 business days. Medline will acquire Maxxim's surgical and medical products businesses, while RoundTable will acquire the company's vascular products unit. Meanwhile, Cardinal Health, Dublin, Ohio, moved to extend its reach globally by agreeing to acquire U.K.-based Intercare Group, a pharmaceutical products and services company, for approximately $530 million. Cardinal said the acquisition would allow it to increase manufacturing scale and extend the reach of its life sciences business. Intercare, listed on the London Stock Exchange, manufactures prefilled syringes and offers other sterile manufacturing and pharmaceutical packaging services. The deal requires regulatory approval and is expected to close by year-end. -- by Cinda Becker
Medline, Cardinal expand in separate deals
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