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Tag: 3M


News

In brief: Medline’s buy, AAH’s white paper, Cardinal’s focus on at-Home Solutions

January 12, 2024HME News Staff

NORTHFIELD, Ill. – Medline has acquired United Medco, a national provider and partner of supplemental benefits and member engagement solutions.  The transaction marks a significant milestone in the growth of Medline’s health plans business by augmenting the company’s distribution capabilities and expanding its supplemental benefit offerings.  "In today’s evolving post-acute care space, Medline remains a company committed to investing in emerging markets,...

3M, Cardinal Health at-Home, CCS, Medline, United Medco


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3M receives funding for new wound care solutions

January 11, 2024HME News Staff

ST. PAUL, Minn. – 3M Health Care's Medical Solutions Division was awarded $34.2 million from the U.S. Army Medical Research Acquisition Activity to develop a range of new solutions for infection prevention, wound management and wound healing. 3M will lead a program focused on treatment strategies that can be used in austere settings, especially those related to mass casualty and delayed evacuation situations. In addition, the program will work to assess biofilm control, biomarker monitoring...

3M, Wound Care


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MediWound, 3M to collaborate

October 12, 2023HME News Staff

YAVNE, Israel – 3M Health Care will provide its two-layer compression systems, Coban 2 and Coban 2 Lite, to be used during the debridement and wound healing phases of the EscharEx Phase III study as part of a collaboration with MediWound, a biopharmaceutical company focused on next-generation enzymatic therapeutics for tissue repair. "In our pursuit of excellence, one primary aim is to ensure consistency across subjects while delivering optimal care throughout the study,” said Ofer Gonen,...

3M, MediWound, Wound Care


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News

In brief: ResMed delays, AAH & CRT surveys, WellSky investment

August 25, 2023HME News Staff

SAN DIEGO – ResMed initiated an over-the-air update to its AirSense 11 devices on Aug. 23 to reduce the delay of patient therapy data into myAir and AirView and, ultimately, resolve transmission issues, according to an update posted to its website.  The company expects data to be available nightly in myAir and AirView within two weeks.  “While some patients may already be able to view their most recent therapy data in myAir, the process of restoring regular data updates...

3M, AAHomecare, NCART, ResMed, U.S. Rehab, WellSky


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Brian Hanson

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3M names CEO of Health Care Business Group, prepares to spin it off

August 24, 2023HME News Staff

ST. PAUL, Minn. – Brian Hanson will join 3M on Sept. 1 as CEO of the Health Care Business Group. Hanson comes to 3M from Zimmer Biomet, a global med-tech innovator with annual revenue of more than $7 billion, where he was president and CEO since 2017 and chairman since 2021. “We are pleased to have Bryan join us to successfully complete the spin off of our Health Care business and build a leading independent medical technology innovation company," said Mike Roman, 3M chairman and CEO....

3M


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News

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, Mergers & Acquisitions (M&A), O&P, Orthotics, Prosthetics, Quipt Home Medical


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News

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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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, Mergers & Acquisitions (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...

3M, Acelity, KCI, Mergers & Acquisitions (M&A), NPWT


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