March, 2001
River Capital Sells American Threshold Industries, Inc. to Allegiance Healthcare

River Capital, an Atlanta-based private investment firm, has sold American Threshold Industries, Inc. (“American Threshold”) to Allegiance Healthcare, a subsidiary of Dublin, Ohio-based Cardinal Health, Inc. (NYSE: CAH). The purchase price was not disclosed.

American Threshold, a River Capital portfolio company based in Asheville, North Carolina, is a developer and manufacturer of disposable, non-woven protection products for the healthcare industry and for controlled manufacturing markets. Since River Capital acquired American Threshold in December 1998, the Company has heavily invested in new products and technology, as well as expanding the company’s sales and marketing channels.

Cardinal Health distributes a broad line of pharmaceuticals, surgical and hospital supplies, and other items typically sold by hospitals, retail drug stores and other healthcare providers. Jerry Wethington, Managing Partner at River Capital, stated, “Cardinal Health is an active acquirer and consolidator in the healthcare industry and this acquisition gives Allegiance an opportunity to manufacture a broader line of the products it currently distributes.”

River Capital is one of the oldest firms of its type in the Southeast and has acquired companies in a broad range of industries with combined annual revenues in excess of $600 million. River Capital primarily invests in light manufacturing, distribution and select service companies with purchase prices of $10 million to $50 million. For add-on acquisition candidates, the firm will consider companies with a purchase price less than $10 million.