Investment Group Acquires Regent Medical

NORCROSS, Ga. A global leader in powder-free surgical gloves and skin antisepsis products announced today the formation of Regent Medical Ltd, a company formed to purchase the assets of the Regent Biogel and Hibi business from SSL International plc.  The principal ownership of the new company will be held by a private equity fund advised by Apax Partners one of the worlds leading private equity funds.

This transaction will not only give us an excellent foundation for further development of the companys market position and product lines, but it will also provide us with the resources necessary to be an infection control leader in a continually changing global healthcare community, said Stuart Heap, who will lead the new business venture and take responsibility for the global Biogel and Hibi brands.

Regent Medical, provider of Biogel powder-free, latex surgical gloves, Biogel Skinsense powder-free, non-latex surgical gloves and the Hibi range of antiseptic products, is the surgical glove market leader in several global markets. The only major medical glove company with an exclusively powder-free surgical glove line, Regent Medical continues to be a global leader in protection for acute-care facilities, medical facilities and hospital systems around the world.

"As a leading manufacturer and marketer of protection for healthcare workers and patients, Regent Medical will continue to focus on providing the finest surgical gloves and antiseptic skin cleansers available today," said Heap. We have a remarkable product line and a highly competent management team that has excellent prospects for continued profitable growth while maintaining the highest standard of healthcare protection."

SSL will provide transitional services for a period of up to 10 months and will manufacture Hibi products for Regent Medical for a minimum period of two years.

Source: Regent Medical