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 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 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...
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...