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DW Healthcare Acquires Hill Top Research

February 14, 2006

Cincinnati, OH-based Hill Top Research, Inc., announced today that DW Healthcare Partners (DWHP), Salt Lake City, UT, has acquired the assets of the company. Fairmount Partners of West Conshohocken, PA, acted as the company’s investment banker. The new company will be called Hill Top Acquisition Corp. and will do business as Hill Top Research. DWHP’s acquisition will allow Hill Top to expand capacity, add new technical capabilities and provide additional resources for growth. The acquisition will revitalize the capital structure and allow funds to be earmarked for growth initiatives, including further expansion into the personal care, oral care, and pharmaceutical services markets and possible industry acquisitions.
Effective with this transaction, Jim Pearce, Hill Top’s chief executive officer is retiring. Joel Ivers, Hill Top’s chief operating officer, will take over as chief executive officer

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