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Tag: 3M


In brief: Hanger acquired, 3M’s health care division spun off, Quipt contract secured

July 29, 2022HME News Staff

AUSTIN, Texas – Hanger, a national provider of O&P, has entered into an agreement to be acquired by Patient Square Capital, a dedicated health care investment firm, for approximately $1.25 billion.  Under the terms of the agreement, Hanger stockholders will receive $18.75 in cash per share, representing an approximate 29% premium to the 30-calendar day volume-weighted average price (VWAP) ending July 20, 2022. Upon completion of the transaction, Hanger will become a privately held company...

3M, Hanger, M&A, O&P, Orthotics, Prosthetics, Quipt Home Medical

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3M to create separate health care business

July 28, 2022HME News Staff

ST. PAUL, Minn. – 3M will spin off its health care division to create a standalone business focused on wound care, oral care, health care IT and biopharma filtration.  The company says the health care division, with approximately $8.6 billion in sales in 2021, will be a diversified technology leader with a deep and diverse portfolio of trusted brands, global capabilities and leadership in attractive end-market segments. It says the move better positions the division to deliver industry-leading...

3M, Health care

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Also Noted

3M lays off employees at Acelity

January 29, 2020HME News Staff

ST. PAUL, Minn. - 3M has laid off about 20 employees at Acelity, a provider of advanced wound care products marketed under the KCI brand, according to MassDevice. The lay off follows the news that eight executives have left the San Antonio-based Acelity, the news site reported. 3M completed its acquisition of Acelity for $6.7 billion in October. A company once best known for its offices supplies, 3M has expanded into healthcare products like adhesive and tapes, hand hygiene, patient monitoring and...

3M, Acelity, KCI, M&A, Wound Care

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Specialty Providers

KCI sells to 3M

May 3, 2019HME News Staff

SAN ANTONIO and NEW YORK - A consortium of funds led by Apax Partners has entered into a definitive agreement to sell Acelity and its KCI subsidiaries worldwide to 3M for about $6.725 billion.KCI markets a broad range of negative pressure wound therapy, specialty surgical and advanced wound care dress products in about 90 countries.“Today, KCI embarks upon a new era,” said R. Andrew Eckert, CEO of Acelity. “Backed by the resources and expertise of 3M, KCI will be able to offer clinicians...

3M, Acelity, KCI, M&A, NPWT

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