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Acelity

3M lays off 20 employees at Acelity

January 28, 2020 By Chris Newmarker

3M (NYSE:MMM) has laid off about 20 employees at recently acquired wound care giant Acelity. The news comes about two months after eight top executives left San Antonio, Texas–based Acelity, which 3M acquired for $6.7 billion in October 2019. 3M said in a statement shared with MassDevice that it continues to integrate Acelity into its operations. […]

Filed Under: Business/Financial News, Wound Care Tagged With: 3m, Acelity

Report: 3M may sell off its drug-delivery business for $1 billion

December 9, 2019 By Nancy Crotti

3M (NYSE:MMM) may try to sell off its drug-delivery business in a deal that could fetch $1 billion, according to a report by Bloomberg. The drug delivery division makes transdermal drug patches, microneedle delivery systems, nasal devices, oral inhalers and packaging films for drug delivery. 3M is also developing a smart inhaler and is looking for pharmaceutical […]

Filed Under: Business/Financial News, Drug-Device Combinations, Featured, Wall Street Beat Tagged With: 3m, Acelity

8 execs exit Acelity after 3M takeover

November 15, 2019 By Nancy Crotti

Eight top executives have departed wound care giant Acelity following its recent $6.7 billion purchase by 3M (NYSE:MMM), according to a report in the San Antonio Express-News. The executives include Acelity CEO Andrew Eckert, president & COO Gaurav Agarwal, CFO Tracy Jokinen, general counsel John Bibb, international president Ramesh Subrahmanian and Rohit Kashyap, president of global […]

Filed Under: Business/Financial News, Mergers & Acquisitions, Wound Care Tagged With: 3m, Acelity

3M closes $6.7B Acelity buyout

October 15, 2019 By Brad Perriello

3M (NYSE:MMM) last week closed the $6.7 billion buyout of wound care giant Acelity from the private equity consortium that took the company private back in 2011. San Antonio, Texas-based Acelity, which had registered for an initial public offering a month before 3M floated its offer, was formed after Apax Partners and a pair of Canadian pension […]

Filed Under: Featured, Mergers & Acquisitions, Wall Street Beat, Wound Care Tagged With: 3m, Acelity

3M funds Acelity buyout with $3.3B debt offering

August 20, 2019 By Sean Whooley

3M (NYSE:MMM) is planning to finance its $6.7 billion acquisition of Acelity in part with a $3.3 billion debt offering. Maplewood, Minn.-based 3M, which announced its purchase of wound care giant Acelity in May, launched a four-part bond sale yesterday. 3M expects to finance the Acelity buyout with all of the net proceeds from the […]

Filed Under: Featured, Funding Roundup, Mergers & Acquisitions, Wound Care Tagged With: 3m, Acelity

3M to pay $6.7B for Acelity

May 2, 2019 By Brad Perriello

3M (NYSE:MMM) said today that it agreed to pay more than $6.7 billion to acquire wound care giant Acelity, including its debts, from the private equity consortium that took KCI private for $6.3 billion back in 2011. San Antonio, Texas-based Acelity, which registered for an initial public offering last month, was formed after Apax Partners and […]

Filed Under: Featured, Mergers & Acquisitions, Wall Street Beat, Wound Care Tagged With: 3m, Acelity, Kinetic Concepts Inc.

Acelity registers for another IPO

April 18, 2019 By Fink Densford

Wound care and regenerative medicine company Acelity said today that it filed a registration statement with the SEC for another attempt at an initial public offering. The registration comes on the heels of a failed attempt at an IPO, launched in August of 2015, in which the company looked to fetch up to $1 billion. […]

Filed Under: Business/Financial News, Featured, Initial Public Offering (IPO), Wall Street Beat, Wound Care Tagged With: Acelity

Miach Orthopaedics fills quality, clinical roles | Personnel Moves, April 17, 2019

April 17, 2019 By Brad Perriello

Miach Orthopaedics said today that it tapped a pair of executives to oversee the quality systems and clinical program for the knee ligament repair device it’s developing. Miach is working on bio-engineered implants for surgical connective tissue repair, aiming first at anterior cruciate ligament repair with its Bridge-Enhanced ACL Repair device, a sponge that’s designed […]

Filed Under: Business/Financial News, Orthopedics Tagged With: Acelity, Alphatec, Battelle, Miach Orthopaedics, Personnel Moves, Trice Medical, verrix

Acelity’s KCI launches Abthera NPWT system in Japan

February 21, 2019 By Fink Densford

Acelity subsidiary KCI said today that it launched its Abthera open abdomen negative pressure therapy system in Japan. The San Antonio-based company’s Abthera is a temporary abdominal closure system intended to allow surgeons to manage challenging abdominal wall openings where primary closure is not possible and to manage repeat abdominal entries. KCI said that the system has […]

Filed Under: Business/Financial News, Wound Care Tagged With: Acelity, kci

Acelity to lay off 265 in Texas, N.C.

February 11, 2019 By Fink Densford

Acelity is reducing its workforce by approximately 265 employees, according to a recent report from the San Antonio Business Journal. The layoffs include roughly 200 individuals from its Alamo City, Texas-based facilities, with the remaining coming from its Charlotte, N.C.-based location, according to the report. “Unfortunately, this will result in position eliminations for some of our […]

Filed Under: Business/Financial News, Featured Tagged With: Acelity

Acelity’s KCI inks NPWT remote monitoring deal with insurer Highmark

December 20, 2018 By Fink Densford

Acelity subsidiary KCI said this week that it inked a negative pressure wound therapy remote monitoring deal, using its iOn Progress remote therapy monitoring program, with health insurer Highmark, touting it as the first such agreement of its kind. The San Antonio-based company’s KCI iOn monitoring program is intended for use with the ACTIV.A.C therapy system, and […]

Filed Under: Business/Financial News, Patient Monitoring, Wound Care Tagged With: Acelity, Kinetic Concepts Inc.

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