Tag: ConvaTec
ConvaTec adds distribution business
July 21, 2017HME News Staff
READING, United Kingdom - ConvaTec, a global medical products company, has agreed to pay nearly $121 million for Woodbury Holdings, a distributor of incontinence and catheter supplies.The Floral Park, N.Y.-based Woodbury offers a portfolio of more than 500 incontinence and 650 catheter products, and a wide array of nutritional, enteral feeding and vascular compression products through subsidiaries Woodbury Health Products and Wilmington Medical Supply."ConvaTec and Woodbury share a common commitment...
In brief: ConvaTec adds distribution business, Compass Health launches new product line
July 21, 2017HME News Staff
READING, United Kingdom - ConvaTec, a global medical products company, has agreed to pay nearly $121 million for Woodbury Holdings, a distributor of incontinence and catheter supplies.The Floral Park, N.Y.-based Woodbury offers a portfolio of more than 500 incontinence and 650 catheter products, and a wide array of nutritional, enteral feeding and vascular compression products through subsidiaries Woodbury Health Products and Wilmington Medical Supply."ConvaTec and Woodbury share a common commitment...
ConvaTec hits London market with $1.8B IPO
October 27, 2016HME News Staff
LONDON - ConvaTec on Wednesday raised nearly $1.8 billion in London's biggest initial public offering of 2016, according to news reports. The company, which manufactures ostomy, wound, skin, continence and other critical care products, will use the proceeds from the IPO to redeem or repay debt. ConvaTec's shares traded just below their offer price of $2.76, at $2.75. The IPO represents about 33.8% of the company's stock, assuming no exercise of an overallotment option, and will rise to 38.9% if the...
In brief: Inogen increases revenue guidance, Philips enters new era
August 5, 2016HME News Staff
GOLETA, Calif. - Inogen last week reported double-digit increases in total revenues and net income for the second quarter ended June 30, 2016.The company reported total revenues of $54.6 million for the quarter, a 23.9% increase compared to the same period last year. It reported a net income of $5.1 million, a 48.7% increase.“Our strong results in the second quarter of 2016 reflect exceptional performance in our domestic business-to-business sales channel, which demonstrated 61.3% revenue growth...
ConvaTec up for sale?
August 5, 2016HME News Staff
GREENSBORO, N.C. - The private equity firms that own ConvaTec are preparing the company for sale, according to news reports. Nordic Capital and Avista Capital Partners have appointed investment bankers to prepare the groundwork for a sale potentially valuing ConvaTec in the billions of dollars, according to the Financial Times. ConvaTec, which is based in Luxembourg but has U.S. operations here, is a medical products and technologies company focused on therapies for the management of chronic conditions...
In brief: ConvaTec shrinks manufacturing, Apria shifts order management
January 29, 2016HME News Staff
GREENSBORO, N.C. - ConvaTec, a manufacturer of wound care and ostomy products, will begin closing its manufacturing facility here, resulting in 250 layoffs, according to news reports. It expects to complete the closure during the first quarter of 2017. The company announced in 2014 that it would shutter its office in Skillman, N.J., resulting in 118 layoffs from its sales, marketing and human resources division. ConvaTec is owned by Avista Capital Partners and Nordic Capital. The firms have been...
ConvaTec to close manufacturing facility
January 26, 2016HME News Staff
GREENSBORO, N.C. - ConvaTec, a manufacturer of wound care and ostomy products, will begin closing its manufacturing facility here, resulting in 250 layoffs, according to news reports. It expects to complete the closure during the first quarter of 2017. The company announced in 2014 that it would shutter its office in Skillman, N.J., resulting in 118 layoffs from its sales, marketing and human resources division. ConvaTec is owned by Avista Capital Partners and Nordic Capital. The firms have been...
ConvaTec acquires 180 Medical
October 1, 2012HME News Staff
SKILLMAN, N.J. - ConvaTec, a developer of ostomy care, wound therapeutics, continence, and critical care and infusion devices, completed its acquisition of 180 Medical, a provider of catheters and urologic medical supplies, according to a Sept. 28 press release. “180 Medical significantly strengthens ConvaTec's position in the fast-growing U.S. self-catheterization market, with a proven and successful home-delivery model,” Ken Berger, CEO of ConvaTec, stated. The U.S. market for disposable...