Investments
Investment Criteria

Linden’s investment team has realized more than $450 million in value through 12 portfolio companies representing 29 transactions. Our successful investment record tells the story best.

Representative Investments

Behavioral Centers of America, Nashville, TN
Based in Nashville, Behavioral Centers of America (BCA) is a growing healthcare company that is committed to the single specialty of psychiatric healthcare. BCA aims to address the mental health needs of its patients through a continuum of services, which it is developing in markets across the United States. BCA currently owns and operates inpatient and outpatient facilities in six locations in Ohio and Texas, primarily focused on adolescent and geriatric populatio.
www.bca-corp.com
 

Suture Express, Inc., Lenexa, KS
Suture Express, Inc. distributes sutures, endo-mechanical products ("endo" products are used in minimally invasive surgery) and other disposable medical/surgical products destined for the operating rooms of hospitals and surgery centers across the U.S. Orders are processed and fulfilled out of a single facility and delivered via Federal Express on a next-day basis. The Company offers its customers a complete assortment of more than 5,000 SKUs with no minimum order size, no required frequency of order, no hidden shipping/delivery/surcharge fees, and guaranteed next-day delivery. Suture Express is the lowest-cost distributor in the industry. The Company has experienced rapid growth since its founding in 1998 by focusing on the overnight distribution of disposable medical/surgical products that have most or all of the following characteristics: (1) large number of SKUs within a category, (2) used in the operating room and handled principally by physicians; and (3) high value, low cube, low weight. Suture Express has had great success because broad-line pharmaceutical and medical products distributors tend to carry a limited assortment and provide poor service levels creating administrative havoc for their customers.
www.sutureexpress.com
 

Focused Health Solutions, Deerfield, IL
Focused Health Solutions is a leading national provider of customized disease management services to large, self-insured employers. Founded in 2000, the Deerfield, IL based company has a senior management team with over 100 years of collective experience in the healthcare industry and boasts a blue chip customer base. FHS combines innovative data analysis tools, disease-specific clinical pathways, proprietary telehealth technology, and deep clinical expertise to reduce client healthcare costs for employees, their dependents, and pre-Medicare retirees who have chronic health conditions. The Company's programs are targeted toward individuals who have been diagnosed with costly, chronic medical conditions - such as asthma, diabetes, coronary artery disease, hypertension, behavioral disorders, and back and neck pain - that can be managed effectively by a comprehensive, closely-monitored disease management program. The FHS disease management model integrates sophisticated and proprietary systems with care management algorithms and experienced nursing personnel organized by disease category to produce quantifiable health and economic benefits for its program enrollees and employer clients.
www.focusedhealthsolutions.com
 

Ranir, LLC, Grand Rapids MI
Ranir, LLC is a leading private label and contract manufacturer of consumer oral care products headquartered in Grand Rapids, Michigan. Ranir manufactures and markets tooth-whitening strips and gels, toothbrushes, dental floss, travel kits and accessories for customers across North America. Its products include national brand equivalent (NBE) and non-NBE private label items and exclusive store brands. Ranir also contract manufactures products for leading global branded consumer oral care companies. Ranir competes in an attractive market that is fueled by the increased emphasis on both preventive and cosmetic dental care, by favorable demographics, and by the growing body of evidence linking oral health to overall wellness. The company’s sales growth has consistently outpaced the
industry’s average.
www.ranir.com

Inovision, Yorba Linda, CA
Inovision (Lafayette Pharmaceuticals) is a leading manufacturer and marketer of supplies, contrast agents and other imaging accessories for use by hospital radiology departments and imaging centers. The company occupies the number two market position in niche radiological pharmaceutical segment. Inovision was a leveraged build-up of several imaging accessory businesses. Lafayette Pharmaceuticals is now owned by Mallinckrodt, a division of Tyco International.

Kendro Laboratory Products, Newtown, CT
Kendro Laboratory Products (“Kendro”) is a leading manufacturer and marketer of life science research tools and equipment. The initial platform acquisition, Sorvall, was a unit of DuPont and the number two market position in centrifugation equipment. The company grew through both internal revenue growth and two key strategic acquisitions, the instrument division of Heraeus Holdings and Carr Laboratory Products. Kendro is now an operating unit of SPX Corporation.
www.kendro.com

Sovereign Specialty Chemicals, Chicago, IL
Sovereign Specialty Chemicals Corporation was a consolidation of several leading brands of specialty chemicals. Sovereign was formed to build, through acquisition and internal growth, a worldwide provider of specialty chemical companies. Sovereign has leading brands in both commercial and consumer applications of its products. Sovereign is now a unit of Henkel GmBH.

LifeStream International, Inc., The Woodlands, Texas
LifeStream was a manufacturer and marketer of disposable cardiopulmonary products used during open-heart surgery (e.g., hemoconcentrators, reservoirs, oxygenators, and carioplegia systems). The company was the simultaneous acquisition and consolidation of two corporate units (Bard and Minntech) and one privately-owned company (Surgimedics).
 

AbilityOne Corporation, Bolingbrook, IL
AbilityOne is a worldwide leader in the design, development and manufacture of products to aid physical rehabilitation following injuries, illnesses and orthopedic procedures and other forms of surgery. Its catalogs feature more than 6,000 products that improve the lives of aged, injured and physically challenged adults and children. AbilityOne is now a unit of Patterson Dental.
www.sammonspreston.com