Linden LLC: Investments


			Past Investments.
			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

			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 (“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 Thermo Fisher Scientific Inc. www.kendro.com

			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.

			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

			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).
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