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Old Posted Oct 2, 2013, 7:01 AM
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sirkingwilliam sirkingwilliam is offline
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Join Date: Feb 2007
Location: San Antonio
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KCI, LifeCell Corp and Systagenix to merge
Headquarters will be in San Antonio

Quote:
San Antonio-based KCI, along with LifeCell Corp. and Systagenix, will become one globally diversified company focused on wound care, biologics and regenerative medicine.

It’s not immediately clear if the combined companies will operate under the KCI name or under a new moniker. However, a spokesman for KCI, Mike Barger, says the new entity will have its headquarters in San Antonio.

“The combination of these businesses will form a leading medical technology company with over $2 billion in revenue and a very important position within the health care system,” says Buddy Gumina, chairman of the board of directors of the parent company of KCI and New Jersey-based LifeCell Corp. “The new company, under the proven leadership of Joe Woody, will amplify existing capabilities, open the door for new growth opportunities and improve the lives of patients around the world.”

KCI and LifeCell Corp. will immediately begin operating as one company.

Once KCI closes on its acquisition of U.K.-based Systagenix, that company will be folded into the new entity as well. KCI officials announced in July that the company had signed a definitive agreement to acquire Systagenix, a provider of advanced wound care products, for $485 million.
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