LOS ANGELES, Oct. 20 /PRNewswire/ -- Aurora Capital Group ("Aurora"), a Los Angeles-based private equity firm with over $2.0 billion of assets under management, today announced that it has completed the acquisition of Porex Corporation ("Porex" or the "Company"), formerly a wholly owned subsidiary of HLTH Corporation (Nasdaq: HLTH), for $142 million in cash and senior secured debt.

Gerald L. Parsky, Chairman of Aurora Capital Group, said, "We look forward to working with Porex's management team and talented employees to build upon the Company's past achievements. Aurora is committed to helping Porex expand its strong market position in porous plastics and further enhance its materials science expertise in support of its global customer base."

John T. Mapes, Managing Partner of Aurora Capital Group, added, "We are pleased with the successful completion of our acquisition of Porex. Importantly, this transaction, which follows our acquisition of RecoverCare and MedaSTAT, marks Aurora's second platform acquisition to close since the summer. Our investment discipline during the surge in private equity transactions of recent years has allowed us to capitalize on attractive opportunities today. Aurora's increased acquisition pace is a testament to our enthusiasm about the current investing environment."

As previously announced, in August 2009 Aurora completed the purchase and merger-of-equals transaction to combine RecoverCare, LLC, and MedaSTAT USA, LLC, to create a leading provider of wound care and bariatric treatment solutions for acute and post-acute care markets.

Additionally, Aurora portfolio companies have executed six portfolio company tuck-in acquisitions in 2009, with two transactions completed by each of Anthony International, a leader in the U.S. commercial refrigeration industry and the world's largest manufacturer of specialty glass, Mitchell International, a leading provider of information services and technology solutions designed to automate and optimize the automobile insurance claims and workers' compensation claims processes, and NuCO2 Incorporated, the nation's largest and sole national provider of bulk CO2 equipment rental and refill solutions.

ABOUT AURORA CAPITAL GROUP

Aurora is a Los Angeles-based private equity firm managing over $2.0 billion that utilizes two distinct investment strategies. Aurora Equity focuses principally on control-investments in middle-market industrial, manufacturing and selected service oriented businesses, each with a leading position in sustainable niches, a strong cash flow profile, and actionable opportunities for both operational and strategic enhancement. Aurora Resurgence invests in debt and equity securities of middle-market companies and targets complex situations that are created by operational or financial challenges either within a company or a broader industry. For more information about Aurora Capital Group, visit www.auroracap.com or www.aurorares.com.

ABOUT POREX CORPORATION

Founded in 1961 and based in Fairburn, GA, Porex is the leading global developer, manufacturer and distributor of porous plastic products. The Company primarily serves the healthcare and surgical end markets, and also supports high-performance applications in the consumer and industrial sectors. Porex products serve filtration, venting, wicking, and diffusing functions in applications such as blood filters, catheter vents, fuel filters, writing instrument tips and consumable diagnostic tests. In addition, through its MEDPOR brand, Porex's surgical products are the first FDA-cleared porous plastic implants for use in craniofacial and orbital reconstructive surgery. Porex, which pioneered porous plastic technology over 40 years ago, is today widely recognized for its materials science expertise and proprietary designs which serve over 1,250 customers across more than 75 countries via operations in North America, Europe and Asia. For more information about Porex Corporation, visit www.porex.com.

    For Aurora Capital Group:

    Matthew Sherman / Jaime Wert
    Joele Frank, Wilkinson Brimmer Katcher
    (212) 355-4449

SOURCE Aurora Capital Group