HealthTronics Acquires United Therapies
New York, NY: Altaris Capital Partners, LLC is pleased to announce that its portfolio company, HealthTronics, Inc., has acquired Chicago-based United Therapies, LLC.
Founded in 1985, United Therapies provides mobile lithotripsy and laser technology to healthcare providers across the United States. The acquisition not only broadens HealthTronics’ geographic presence, but also enables more doctors and hospitals to offer high quality and cost effective clinical treatments using lithotripsy, microwave ablation, nerve monitoring, laser treatment and cryotherapy technologies.
The combined company will employ over 550 individuals nationwide.
About Altaris Capital Partners, LLC
Altaris Capital Partners, LLC is an investment firm focused exclusively on the healthcare industry. Managing $1.3 billion of equity capital, Altaris invests in businesses that meet clearly defined healthcare needs and leverages its extensive industry knowledge and relationships to accelerate growth and value appreciation. Altaris is based in New York, NY. For more information visit www.altariscap.com.
About HealthTronics, Inc.
HealthTronics, Inc., established in 1989 and headquartered in Austin, TX, provides mobile equipment services and medical devices to the urology industry. The company partners with physician groups to facilitate equipment ownership and to provide logistical support for mobile lithotripsy, laser and cryoablation systems. In addition, HealthTronics offers a comprehensive line of cryoablation devices with a variety of therapeutic applications. For more information visit www.healthtronics.com.