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Tag: kinetic concepts


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KCI still without contracts

August 19, 2016Theresa Flaherty, Managing Editor

SAN ANTONIO - Acelity—formerly Kinetic Concepts—has contracted with suppliers to provide negative pressure wound therapy products, while it continues fighting for its own contract, company execs say.In an earnings call Aug. 2, CEO Joe Woody said the company has contracted with suppliers in 116 of the 117 Round 2 re-compete bid areas to provide continued access to its products.“In the medium and long term, we will remain in discussions with CMS regarding our reinstatement as a direct...

Acelity, kinetic concepts, negative pressure wound therapy


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KCI seeks global dominance

November 22, 2013HME News Staff

SAN ANTONIO - Kinetic Concepts Inc. (KCI) in September announced it merged forces with LifeCell, a maker of tissue repair products, to form a $2 billion company that can addresses the gamut of wound care.KCI in October also closed on its acquisition of Systagenix and will integrate it into the combined company, according to a press release. KCI announced in August that it planned to acquire the U.K.-based provider of wound care dressings for $485 million. “The combination of KCI, LifeCell...

kinetic concepts, negative pressure wound therapy, wound care


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KCI's third quarter revenues slip

November 14, 2013HME News Staff

SAN ANTONIO, Texas - Kinetic Concepts Inc. (KCI) has reported a drop in third-quarter revenues: $320.9 million in 2013 vs. $329.7 million in 2012, a 2.7% decrease. The company said the decline stems from Round 2 of competitive bidding. KCI products that fall under the program's umbrella saw a 42% price reduction. “KCI would have reported positive revenue growth in the third quarter, exclusive of this one item,” stated CFO Robert Hureau.

competitive bidding, kinetic concepts, round 2, third quarter revenue


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Studies: V.A.C. VeraFlo speeds wound healing

November 12, 2013HME News Staff

SAN ANTONIO, Texas - Studies presented at two recent conferences show Kinetic Concepts' V.A.C. VeraFlo Installation Therapy reduces the length of hospital stays, speeds wound closure and reduces debridement costs when compared to traditional V.A.C. therapy, the company announced Nov. 11. “This is one of those things that comes along every decade or so that literally radically changes the way you treat your patients,” stated study presenter Paul Kim, associate professor and research director...

kinetic concepts, V.A.C. therapy, V.A.C. VeraFlo Installation Therapy


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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...

KCI, kinetic concepts, wound care


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KCI gets out of bed business

September 25, 2012Theresa Flaherty, Managing Editor

SAN ANTONIO - Getinge AB, a player in the European support surfaces market, is positioning itself to become a major player on this side of the Atlantic with its acquisition of Kinetic Concept, Inc.'s (KCI) support surfaces business.The Sweden-based Getinge in August agreed to buy Therapeutic Support Systems (TSS) from KCI for $275 million.“TSS is very strong in North America, with 60% of its revenues coming from the U.S. market,” Johan Malmquist, CEO of Getinge Group, said during a conference...

Getinge AB, KCI, kinetic concepts, negative pressure wound therapy, support surfaces


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KCI sells bed business

August 17, 2012HME News Staff

SAN ANTONIO - Kinetic Concepts, Inc. (KCI) announced Aug. 15 that it has made good on its plan to offload its hospital bed business, selling it for $275 million to Swedish company Getinge AB.As part of the deal, Getinge, a player in the ulcer prevention market in Europe, will offer jobs to employees of KCI's Therapeutic Support Systems (TSS) business, according to a press release. TSS provides hospital beds, mattress replacement systems and other support surfaces, and generated revenues of $247 million...

Getinge, kinetic concepts, negative pressure wound therapy, support surfaces


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Study: Worldwide wound care market poised for major growth

August 26, 2010HME News Staff

NEW YORK CITY - Here's some potential big news for wound care providers: The worldwide demand for these products is expected to grow by about 6% for the next few years, according to "World Wound Care Markets 2010" by Kalorama, a market research company. What's driving that growth? The need to cut healthcare costs by moving patients out of hospitals faster.  "Many of these new products are proven cost-savers," said Mary Ann Crandall, analyst for Kalorama Information and author of the report....

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