LAKE FOREST, Ill., March 4 RoundTable Healthcare Partners ("RoundTable"), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced today that Charles W. Stiefel has joined the firm as Senior Advisor. In this capacity, Mr. Stiefel will assist RoundTable in identifying investment opportunities, facilitating key industry introductions, and advising the firm on strategic and operational issues.
Mr. Stiefel is the former Chairman of the Board and Chief Executive Officer of Stiefel Laboratories, the largest family-owned and operated dermatology company with nearly $1.0 billion in sales and 3,600 employees in over 100 countries. GlaxoSmithKline acquired Stiefel Laboratories for $3.6 billion in July 2009. Mr. Stiefel joined the company in 1982 and became CEO in 2001. Under his leadership, Stiefel Laboratories quadrupled sales via new product introductions, acquisitions and strategic investments in product development and sales and marketing. In 2003, Mr. Stiefel was awarded the Lifetime Achievement Award by the South Florida Dermatology Foundation, and in 2006 was named Ernst & Young's Entrepreneur of the Year in Health Sciences for the State of Florida.
"We are extremely excited to have Charlie join the RoundTable team," said Jack McGinley, Founding Partner. "Charlie is a leader in the dermatology industry and is highly regarded by his peers. We admire his success of building a family-run company into an industry leader. We will benefit greatly from his extensive pharmaceutical experience, expertise and relationships."
Mr. Stiefel commented, "I am very pleased to be a part of the RoundTable team. I am impressed with the firm's core values, culture, and highly successful track record in the pharmaceutical and medical device industries. RoundTable brings a real valued-added, operational approach which is unique. They bring resources and expertise to support their companies' growth and achieve their strategic objectives. I look forward to working closely with RoundTable and assisting their efforts."
About RoundTable Healthcare Partners
RoundTable Healthcare Partners, Lake Forest, IL, is an operating-oriented private equity firm focused exclusively on the healthcare industry. RoundTable's investment strategy targets companies in the healthcare industry that fall within the expertise and experience of the firm's operating principals. RoundTable partners with companies that can benefit from its extensive industry relationships and proven operating and transaction expertise. RoundTable currently manages $1.1 billion of capital, and has seven other platform portfolio companies. More information about RoundTable Healthcare Partners and its investments can be found at www.roundtablehp.com.
SOURCE RoundTable Healthcare Partners