Tag: BSN Medical

CHARLOTTE – BSN Medical has agreed to resolve allegations that it marketed and promoted various products that did not meet the Medicare or Medicaid program’s reasonable and necessary requirements, causing the submission of false claims for patients, according to the U.S. Attorney’s Office for the Western District of North Carolina. Charlotte-based BSN, which specializes in compression therapy, wound care and orthopedics, has agreed to pay $785,672 to resolve the allegations. From...

STOCKHOLM - SCA plans to buy BSN Medical from private equity group EQT Partners AB for $2.9 billion, giving the company a toehold in the higher growth and higher margin advanced wound care market and setting the stage for the spinoff of its hygiene business.SCA, best known in the HME industry for its TENA brand of incontinence supplies, expects BSN, which makes Leukoplast and Cutimed advanced wound care products, to broaden and elevate the company's position in what it calls the “medical solutions”...

STOCKHOLM - SCA has entered into an agreement to acquire BSN Medical from the private equity group EQT Partners AB for 2.74 billion euros ($2.9 billion), it announced Dec. 19.The deal with BSN, a maker of wound care and compression therapy products and orthopedics, allows SCA to bulk up its hygiene business as part of a planned separation from its forest products business.“The BSN acquisition is an excellent strategic fit for SCA supporting our vision to improve well-being through leading hygiene...

The wound care market encompasses a wide range of conditions, products, services and healthcare settings, so it has sufficient versatility for the home medical equipment provider to maintain a healthy business. In fact, it may have the widest cross-marketing potential for retail sales to the public and professionals, market specialists say.Comprised of skin care, incontinence, wound management and support surfaces, the wound care category covers patients with various chronic conditions and serves...