Kinetic Concepts

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Kinetic Concepts
Revenue$1.6 billion Increase (2010)
$256.1 million Increase (2010)
Number of employees
5,000 (2013)

Kinetic Concepts, Inc., (KCI) is a global

negative pressure wound therapy. In 2013, the company employed 5,000 people and marketed its products in more than 25 countries.[2] Its headquarters is in San Antonio, Texas
.

KCI, LifeCell and Systagenix operated under the Acelity brand.

In October 2019, Acelity and its KCI subsidiaries worldwide were acquired by 3M for $6.7 billion, including assumption of debt and other adjustments.[3]

Operations

KCI is composed of three business units: Active Healing Solutions, LifeCell and Therapeutic Support Systems, that operate in the

soft-tissue.[10]

Corporate history

KCI was founded in 1976 in

negative pressure wound therapy products in the mid-1990s.[7][13] KCI acquired regenerative medicine company, LifeCell, in 2008[4] in a non-hostile transaction for US$1.7 billion.[14][15] In January 2012, LifeCell was made a sister company to KCI. In 2013, LifeCell and KCI recombined into one company.[16][17]

Financial information

From the founding of the company in 1976 to 1988, the revenue of KCI grew to US$153.2 million. The growth in revenue allowed KCI to go public and trade on the New York Stock Exchange (NYSE) in 1988.[18] KCI stock was traded on the NYSE until 1997, when the company went private. In February 2004, KCI became a publicly listed company for the second time and was listed on the NYSE under the ticker symbol KCI.[7][19]

By the late 2000s, the company's revenue was over $1 billion and reported an increase of 17 percent in 2007 to $1.61 billion.[20] Revenue for 2008 was $1.88 billion, increasing to $1.99 billion in 2009[21] and in 2010 increased to $2.02 billion.[22] On November 4, 2011, the company went private again at a price of $68.50 per share.

Product lines

  • V.A.C. systems used for negative pressure wound therapy.[23]

See also

References

  1. ^ "Products". Acelity. Retrieved March 17, 2011.
  2. ^ "FDA clears new KCI abdominal wound-care product". San Antonio Business Journal. May 19, 2009. Retrieved January 25, 2011.
  3. ^ "3M Completes Acquisition of Acelity, Inc". 3M News | United States. Archived from the original on October 19, 2019. Retrieved October 19, 2019.
  4. ^ a b c "KCI earnings up during second quarter". San Antonio Business Journal. July 21, 2009. Retrieved January 25, 2011.
  5. ^ "KCI Appoints Kien Nguyen Vice President of Global Marketing for Active Healing Solutions(TM)". Business Wire. April 21, 2010.
  6. ^ "Vacuum Assisted Closure Wound Therapy Cleared for Partial Thickness Burns". Reuters Health Medical News. January 27, 2003.
  7. ^ a b c Benesh, Peter (June 14, 2004). "Second IPO Helps Heal Old Wounds; Kinetic Concepts Inc.; San Antonio, Texas". Investor's Business Daily. p. A09.
  8. ^ "Kinetic Concepts Inc. Implements SolidWorks Software as Company-Wide Engineering Standard". Business Wire. March 6, 2000.
  9. ^ "Kinetic Concepts Acquires RIK Medical". PR Newswire. October 6, 1997.
  10. ISSN 0955-7717
    .
  11. ^ "Kinetic Concepts Inc. Implements SolidWorks Software as Company-Wide Engineering Standard." Business Wire. March 6, 2000.
  12. ^ "Kinetic Concepts introduces TriaDyne, latest addition to line of therapeutic beds and surfaces". Business Wire. May 23, 1995.
  13. ^ "KCI Honors Dr. Louis Argenta With Research-Based Fellowship and Scholarship". Business Wire. October 12, 2009.
  14. ^ "KCI to Acquire LifeCell for $1.7 Billion in Cash Creating a Global Medical Technology Leader". Business Wire. April 7, 2008.
  15. ^ "Analyst questions Kinetic Concepts' purchase of LifeCell due to high price and low revenue". The Associated Press. April 8, 2008.
  16. ^ Danner, Patrick (September 29, 2013). "KCI, LifeCell agree to merge operations". mySA. Retrieved March 10, 2021.
  17. ^ "Kinetic Concepts To Recombine With Sister Company Life Cell". Medical Product Outsourcing. Retrieved March 10, 2021.
  18. ^ Blaker, Ashley (December 24, 1990). "Kinetic Expands Foreign Presence With Acquisitions". San Antonio Business Journal. Vol. 4, no. 49. p. 1.
  19. ^ Berko, Malcolm (August 3, 2007). "Wound-care developer is a healthy company". Copley News Service.
  20. ^ "KCI concludes 2007 on strong note". San Antonio Business Journal. January 29, 2008.
  21. ^ "Highlights KCI". MSN Money. MSN. January 2011. Archived from the original on March 21, 2004. Retrieved January 25, 2011.
  22. ^ "Kinetic Concepts 4Q profit grows 12 percent". Bloomberg Business News. Associated Press. February 1, 2011. Retrieved February 4, 2011.
  23. ^ "KCI to Launch V.A.C.Via, an Advanced Mobile Healing Technology". Business Wire. April 26, 2010. Retrieved January 25, 2011.

External links

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