Funding OK'd to buy Clinical Innovations

Illinois-based RoundTable Healthcare Partners said Monday it has made an incremental equity investment in its portfolio companies, Texas-based Argon Medical Devices Inc., to fund Argon's acquisition of Clinical Innovations Inc. of Murray.

Clinical Innovations designs and manufactures single-use medical devices used primarily in the women's health, urology and gastroenterology markets. Argon manufactures single-use vascular access and pressure monitoring devices utilized in the cardiology, radiology and critical-care market segments.

Argon and Clinical Innovations will combine to become ACI Medical Devices Inc.

Financial terms, including the amount of RoundTable's investment, were not disclosed.