
Kinetic Concepts Inc. (NYSE:KCI) announced that it’s German division, KCI Medizinprodukte GmbH, landed three out of four regional contracts granted by the country’s largest state insurer, the most it could be awarded under regulation.
KCI won exclusivity as a provider of negative pressure wound therapies for evaluation of diabetic foot ulcers and post-surgical wound ruptures in those areas, which cover the southeast, southwest and west regions of Germany.
Germany’s largest state health insurance organization, Allgemeine Ortskrankenkasse, and health insurance advocacy group Verband der Ersatzkassen awarded the contracts to KCI.
The arrangements go into effect next month, according to a company release.