Tag: KCI
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...
In brief: NHIA sues over transitional payment, Great Elm's DME biz exceeds expectations
February 15, 2019HME News Staff
WASHINGTON - The National Home Infusion Association is suing the Department of Health and Human Services over its transitional payment for home infusion therapy services.A final rule published in November 2018 limits reimbursement for professional services to only those days a “skilled professional is in the home.”Under CMS's interpretation, reimbursement for services by pharmacists and other professionals services are not recognized, according to a press release.“This rule undercuts...
KCI to close NC service center
February 12, 2019HME News Staff
SAN ANTONIO - KCI USA has alerted state officials that it plans to eliminate 65 jobs at a service center in Charlotte, N.C., according to a local TV station. KCI, an Acelity Company, decided to “substantially reduce” its workforce after analyzing its “business situation and its available options,” according to a Worker Adjustment and Retraining Notification Letter filed with the North Carolina Department of Commerce. KCI will lay off employees in four phases, starting July...
KCI, Highmark forge performance-based deal
December 20, 2018HME News Staff
SAN ANTONIO - KCI, a provider of advanced wound management, and Highmark, an insurer, have entered into an agreement for the KCI iOn Progress Remote Therapy Monitoring Program. Used in conjunction with the Activ.A.C. Therapy System, the program provides monitoring, engagement and adherence, according to a press release. The agreement is the first of its kind for negative pressure wound therapy and creates a performance-based payment structure to reduce total wound care costs, according to a press...
KCI: Data supports remote therapy monitoring
May 1, 2018HME News Staff
SAN ANTONIO - KCI shared data at the recent 2018 Symposium of Advanced Wound Care Spring Conference that demonstrates increased patient therapy usage immediately after patient contact using its iOn Progress Remote Therapy Monitoring. The day following an adherence call, 73.5% of patients increased therapy use, with an average increase of eight hours, the company says. Additionally, as adherence increased, the rate of daily change in wound volume reduction also increased, it says. “Patient adherence...
KCI fights for bid contracts
June 21, 2016Theresa Flaherty, Managing Editor
SAN ANTONIO - With just weeks remaining before the July 1 implementation of Round 2 re-compete contracts, KCI was still in talks with CMS to reconsider its bids for negative pressure wound therapy.
“We are in discussions with CMS regarding the reconsideration of our bids,” Cheston Turbyfill, vice president of corporate communications for Acelity, KCI's parent company, told HME News. “We don't have a timeframe.”
In a May 19 letter to customers, the company said...
KCI fights CMS's decision
May 24, 2016HME News Staff
SAN ANTONIO - KCI may have not been awarded contracts for negative pressure wound therapy as part of the Round 2 re-compete of competitive bidding, but it's not going down without a fight.
KCI, the largest provider of NPWT, says CMS's decision to not award contracts to the company was based on a technical disqualification that it is working to resolve.
“CMS's decision is not final and we are working with CMS and the agency's contractor, CBIC, to resolve the eligibility issue,” it stated...
In brief: CMS briefs, Invacare hires, KCI slips
November 15, 2013HME News Staff
WASHINGTON - A meeting with CMS and congressional staff on DME competitive bidding, originally cancelled due to the government shutdown, has been set for 11 a.m., Monday, Nov. 18, says The VGM Group. Because the briefings, for staff of the Energy and Commerce and Ways and Means committees, will not be public, VGM and AAHomecare are calling on providers to contact their members of Congress to urge them to attend.
Employees return to Invacare facility
ELYRIA, Ohio - A “small number”...
KCI buys U.K.-based wound care company
August 6, 2013HME News Staff
SAN ANTONIO - Kinetic Concepts, Inc. (KCI) has signed a definitive agreement to acquire Systagenix, a provider of wound care products based in the U.K., for $485 million. The deal represents a major step in KCI's strategy toward increased revenue diversification and geographic expansion, according to a press release. Systagenix's products focus on moist wound healing dressings, including Promograin Prisma, a collagen dressing; Tielle (foam) and Adaptic (non-adherent contact layers). It distributes...