Hyde Park Capital Closes Sale of Three Healthcare Companies to C.R. Bard
Tampa, Florida - November 14, 2003 - Hyde Park Capital Advisors, LLC is pleased to announce the sale of Prostate Services of America, Inc., Amertek Medical, Inc. and Alton Design, LLC, all Singer Island, Florida-based companies, to a subsidiary of C.R. Bard, Inc. Hyde Park Capital Advisors, LLC, the investment banking subsidiary of Hyde Park Capital Partners, LLC, served as the three companies' exclusive financial advisor in the transaction. Prostate Services of America, Inc., Amertek Medical, Inc. and Alton Design, LLC provide urologists, radiation oncologists and medical facilities with a complete turnkey offering of products and services to treat prostate cancer patients with brachytherapy, the surgical placement of small radioactive "seeds" directly into the prostate to kill the cancer. The companies' products and services are the sale and distribution of radioactive seeds, both Iodine-125 and Palladium-103, and all equipment, accessories and services necessary to perform ultrasound-guided brachytherapy procedures.
"We are very pleased with the terms of our sale to C.R. Bard", said Ted Tarone, the CEO of Prostate Services of America. "Completing this transaction to such a high quality buyer was a major achievement for us. We greatly appreciate the efforts of Hyde Park Capital who helped us every step of the way through the sales process and delivered a buyer with terms that were very attractive to our shareholders."
"It has been a complete honor and privilege to work with these three companies," said John McDonald, Managing Director of Hyde Park Capital. "This was a highly successful engagement for us and demonstrates the value we offer to companies seeking exit strategies."
About C.R. Bard
C.R. Bard, a publicly traded company headquartered in Murray Hill, New Jersey, is a leading multinational developer, manufacturer and marketer of health care products in the fields of vascular, urology, oncology and surgical specialty products. For additional information about C.R. Bard, Inc, visit www.crbard.com or call (800) 367-2273.
About Hyde Park Capital
Hyde Park Capital is an institutionally focused boutique investment bank primarily serving the corporate finance needs of private and public companies in Florida and the Southeast. Hyde Park Capital's principals have significant transaction experience raising private capital for companies, including equity, mezzanine and debt, and successfully executing merger & acquisition engagements, including purchase and sale of company assignments, recapitalizations, financial advisory and fairness opinions. Hyde Park Capital has significant experience in the financial services, technology, healthcare, consumer, and manufacturing sectors, but is broadly focused on representing outstanding companies in any industry. Hyde Park Capital has offices in Tampa, Florida and Charlotte, North Carolina and is a member of the NASD and SIPC. For additional information about Hyde Park Capital visit www.hydeparkcapital.com or call (813) 383-0202.