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KCI's third quarter revenues slip

KCI's third quarter revenues slip

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By HME News Staff

Updated Thu November 14, 2013

SAN ANTONIO, Texas - Kinetic Concepts Inc. (KCI) has reported a drop in third-quarter revenues: $320.9 million in 2013 vs. $329.7 million in 2012, a 2.7% decrease. The company said the decline stems from Round 2 of competitive bidding. KCI products that fall under the program's umbrella saw a 42% price reduction. “KCI would have reported positive revenue growth in the third quarter, exclusive of this one item,” stated CFO Robert Hureau.

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