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Kinetic Concepts Inc.

Insights from Cathy Burzik’s 40 years in the healthcare industry

November 8, 2019 By Sarah Faulkner

From the early days of software development to personalized cell and gene therapies, Cathy Burzik has witnessed a lot of technological evolution over the course of her 40-year career in the healthcare industry. She sat down with DeviceTalks’ former program manager Sarah Faulkner for an interview at AdvaMed’s The MedTech Conference this year, where she […]

Filed Under: Business/Financial News, Featured Tagged With: AdvaMed, Johnson and Johnson, Kinetic Concepts Inc., Women in Medtech

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’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.

Judge slaps lawyers with $1.4m in fines over $645m KCI trade theft case

September 21, 2018 By Brad Perriello

A federal judge this week slapped lawyers representing Healthcare Essentials in a trade theft lawsuit brought by Acelity subsidiary Kinetic Concepts Inc. with some $1.4 million in fines for their part in the case. Earlier this month KCI was awarded $645 million in damages after winning the suit. KCI accused Healthcare Essentials  of stealing its VAC negative pressure wound […]

Filed Under: Featured, Legal News, Wound Care Tagged With: Acelity, Health Essentials, Kinetic Concepts Inc.

Acelity’s KCI wins $645m in trade theft suit

September 11, 2018 By Fink Densford

Acelity subsidiary Kinetic Concepts Inc was awarded $645 million in trebled damages in a suit against Healthcare Essentials in which KCI alleged that the company stole its VAC negative pressure wound therapy technology, rebranded it and sold it as its own, according to recently released court documents. US District Judge Benita Pearson said that defendants in the case, […]

Filed Under: Legal News Tagged With: Acelity, Health Essentials, Kinetic Concepts Inc.

Progenerative Medical licenses KCI’s tissue regeneration tech

September 16, 2016 By Sarah Faulkner

UPDATED Sept. 19, 2016, with comment from Acelity. Progenerative Medical said this week that it inked an exclusive licensing agreement with Acelity subsidiary Kinetic Concepts Inc. for a negative-pressure technology portfolio it aims to develop for spine and general orthopedic procedures. The announcement is a long time coming for CEO James Poser, who worked at KCI […]

Filed Under: Research & Development, Wound Care Tagged With: Acelity, Kinetic Concepts Inc., Progenerative Medical

Ex-trader loses bid to dismiss insider trading case

January 20, 2016 By Brad Perriello

Sean Stewart, a former executive with JP Morgan and Perella Weinberg Partners who is accused of insider trading based on his work on several medical device transactions, lost his bid to have criminal charges dismissed from a federal court in New York. Federal prosecutors in May 2015 charged Stewart, his father Robert Stewart and a 3rd […]

Filed Under: Legal News, Wall Street Beat Tagged With: Apax Partners, becton dickinson, CareFusion Corp., Gen-Probe Inc., Hologic, INC Research Inc., Insider Trading, Kendle International Inc., Kinetic Concepts Inc.

Appeals court overturns KCI win in whistleblower case

July 8, 2015 By Brad Perriello

A federal appeals court this week overturned the dismissal of a lawsuit filed against Kinetic Concepts Inc. (now Acelity), in the process resetting the precedent used to establish standing in whistleblower lawsuits. The U.S. Court of Appeals for the 9th Circuit cut 1 of the 3 prongs for establishing a qui tam whistleblower case, ruling that whistleblowers […]

Filed Under: Legal News, Wound Care Tagged With: Acelity, Kinetic Concepts Inc.

ConMed ripe for M&A | The week in medtech M&A

May 27, 2015 By MassDevice

Analyst: ConMed ripe for M&A spree May 19, 2015 by Fink Densford ConMed, in the middle of an under-appreciated turnaround, could be poised to augment its growth via selective acquisitions, according to Leerink Partners analyst Richard Newitter. Newitter, who upgraded CNMD shares to “outperform” and boosted the price target to $64 from $60, wrote in […]

Filed Under: Mergers & Acquisitions, News Well Tagged With: Apax Partners, Baxalta, Baxter, becton dickinson, CareFusion Corp., ConMed Corp., cyberonics, Gen-Probe Inc., Hologic, INC Research Inc., JP Morgan Chase, Kendle International Inc., Kinetic Concepts Inc., Lincare, Linde, Perella Weinberg Partners, Sorin Group

Feds charge ex-JP Morgan exec, father in medtech insider trading scheme

May 15, 2015 By Brad Perriello Leave a Comment

Feds charge ex-JP Morgan exec, father in medtech insider trading scheme

Federal prosecutors in New York this week charged a father-and-son team with insider trading connected with a spate of mergers in the medical device arena.

Filed Under: Legal News, Mergers & Acquisitions, News Well Tagged With: Apax Partners, becton dickinson, CareFusion Corp., Gen-Probe Inc., Hologic, INC Research Inc., Insider Trading, JP Morgan Chase, Kendle International Inc., Kinetic Concepts Inc., Lincare, Linde, Perella Weinberg Partners

Failure of Medtronic’s Symplicity-3 trial doesn’t mean the end of renal denervation for hypertension | Medtech Wall Street news for the week of September 1, 2014

September 4, 2014 By MassDevice Leave a Comment

Renal denervation isn't dead, despite Medtronic trial's failure

September 2, 2014 by Brad Perriello

Filed Under: News Well, Wall Street Beat Tagged With: Acelity, Apax Partners, Baxter, Boston Scientific, Centaur Guernsey, Covidien, Kinetic Concepts Inc., Kona Medical, LifeCell Corp., ReCor Medical, stjudemedical, Systagenix Wound Management Inc.

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