Ropes & Gray Advises Cressey & Company in Acquisition of Majority Stake in StatLab Medical Products
Ropes & Gray advised Cressey & Company LP, a leading private equity firm with more than $1 billion in health care investments, in its agreement to acquire a majority ownership position in StatLab Medical Products from Prairie Capital LP.
StatLab is a leading developer and manufacturer of diagnostic supplies for the anatomic pathology laboratory industry. The transaction was announced on June 8.
The Ropes & Gray team included private equity partner Neill Jakobe (Chicago), finance partner Alex Zeltser (New York), tax partner Aaron Harsh (Boston), health care partner Deborah Gersh (Chicago), life sciences partner Greg Levine (Washington, D.C.), IP transactions partner Mark Bellomy, real estate partner Peter Alpert (both of Boston), private equity counsel Timothy Castelli.