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August 1, 2006
CHS Completes Majority Equity Investment in Suture Express, Inc.

Code Hennessy & Simmons LLC (“CHS”) announced today that it has made a majority equity investment in Suture Express, Inc. (“Suture Express”), a rapidly growing distributor of sutures and other wound closure products for acute care hospitals and surgery centers across the United States. The equity investment in Suture Express represents a partnership between CHS, Linden, LLC, a healthcare and life sciences private equity firm, and Suture Express senior management.

Suture Express offers over 1,200 acute care hospitals, ambulatory surgery centers and other customers a comprehensive assortment of more than 5,000 wound closure SKUs with no minimum order size, no required frequency of order and guaranteed next-day delivery for most orders. Orders are processed and fulfilled out of a single facility in Lenexa, Kansas.

Jim Vaughn, Vice President of Sales, said, “My co-founders and I formed Suture Express in 1998 because we believed there was an opportunity to relieve the headache of sutures procurement at acute care hospitals and ambulatory surgery centers across the U.S. Today, we offer the most cost-efficient distribution model in the industry. With the infusion of growth capital and the resources and expertise of CHS, we hope to expand our product line and supplier base to satisfy more of our customers’ needs.”

Tom Formolo, Partner at CHS, said, “Its unique business model allows Suture Express to offer customers the lowest distributor mark-up and best service levels in the industry for the products it sells. With an exclusive focus on high cost, low cube, low weight items that can be delivered efficiently overnight with minimal overhead, Suture Express provides a straightforward, low-cost alternative to a complex and often inefficient procurement model. We look forward to helping Suture Express expand its activities to capture a larger share of its customers’ procurement needs.”

The investment in Suture Express complements CHS’ portfolio of investments in the distribution industry, which currently includes Beacon Roofing Supply, Inc. (Nasdaq: BECN), a distributor of residential and commercial roofing products; The Hillman Group, a distributor of fasteners, key blanks, signage and other small hardware components; Hoboken Wood Flooring Corporation, a distributor of hard surface flooring; Home Acres Building Supply Co., a distributor of gypsum wallboard in the Upper Midwest; Houston Wire and Cable Company (Nasdaq: HWCC), a distributor of specialty wire and cable; Kranson Holdings, Inc., a distributor of rigid packaging solutions; SunSource, a distributor of fluid power products and systems; and TruckPro, Inc., a distributor of aftermarket parts and accessories for heavy-duty vehicles.

CHS is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of middle market companies in partnership with management. CHS has formed five private equity funds and currently manages over $2.5 billion of capital. Funds for CHS’ investment in Suture Express come from CHS Private Equity V LP, a $1.3 billion investment fund formed in 2005.

Linden, LLC (“Linden”) is a Chicago-based private equity group focused exclusively on the healthcare and life science industries. Linden’s strategy is based upon three key elements: i) a healthcare industry specialization, ii) an Operating Partner-focused model, and iii) a foundation of corporate relationships. For additional information about Linden, please visit

For more information on Suture Express, please refer to the company’s website at