Acelity

Acelity L.P. Inc., is a privately held medical device company. It is a non-operating holding company whose wholly owned subsidiaries develop wound therapeutics and regenerative medicine products. The advanced wound therapeutics business is conducted by Kinetic Concepts and its subsidiaries, including Systagenix, and the regenerative medicine business is conducted by LifeCell.[1]

Acelity's products are available in more than 75 countries. The company employs more than 5,500 people around the world. The company reported $1.8 billion in annual revenue globally in 2013.[2]

History

Acelity began as Kinetic Concepts Inc., a medical technology company founded in 1976 by Dr. Jim Leininger, an emergency room physician in San Antonio, Texas.[3] Over time, the company developed or acquired a line of therapeutic specialty beds, introducing a specialty bed for acute care patients with pulmonary complications.[4] Initially KCI's product development focused on therapeutic beds and surfaces then expanded to introduce the first commercial negative pressure wound therapy products in the mid-1990s.[5][6] KCI acquired LifeCell, a company specializing in regenerative medicine, in 2008 in a non-hostile transaction for US$1.7 billion.[7][8][9] In October 2013, KCI acquired Systagenix Wound Management, originally Johnson & Johnson's professional wound care business for $485 million.[10] In September 2014, KCI's parent company announced that KCI, LifeCell and Sytagenix would operate under one global medical technology brand known as Acelity.[11]

References

  1. ↑ Acelity L.P. Inc. Form 10-Q for period ending Sept. 2014 http://www.sec.gov/Archives/edgar/data/1557939/000155793914000071/a2014q310q.htm
  2. ↑ Acelity L.P. Inc. Form 10-Q for period ending Sept. 2014 http://www.sec.gov/Archives/edgar/data/1557939/000155793914000071/a2014q310q.htm
  3. ↑ Kinetic Concepts Inc. Implements SolidWorks Software as Company-Wide Engineering Standard.” Business Wire. 6 March 2000
  4. ↑ Kinetic Concepts introduces TriaDyne, latest addition to line of therapeutic beds and surfaces". Business Wire. 23 May 1995.
  5. ↑ Benesh, Peter (14 June 2004). "Second IPO Helps Heal Old Wounds; Kinetic Concepts Inc.; San Antonio, Texas". Investor's Business Daily. p. A09.
  6. ↑ KCI Honors Dr. Louis Argenta With Research-Based Fellowship and Scholarship". Business Wire. 12 October 2009.
  7. ↑ KCI earnings up during second quarter". http://www.bizjournals.com/sanantonio/stories/2009/07/20/daily9.html?s=industry&i=health_care San Antonio Business Journal. 21 July 2009. Retrieved 25 January 2011.
  8. ↑ KCI to Acquire LifeCell for $1.7 Billion in Cash Creating a Global Medical Technology Leader". Business Wire. 7 April 2008.
  9. ↑ Analyst questions Kinetic Concepts' purchase of LifeCell due to high price and low revenue". The Associated Press. 8 April 2008.
  10. ↑ KCI buying Systagenix for $485M. http://www.mysanantonio.com/business/local/article/KCI-buying-Systagenix-for-485M-4695250.php. San Antonio Express-News. 30 July 2013
  11. ↑ KCI parent company remaking itself as Acelity". http://www.bizjournals.com/sanantonio/news/2014/09/03/kci-parent-company-remaking-itself-as-acelity.html San Antonio Business Journal. 3 September 2014.
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