Halyard Health

Last updated
Halyard
Industry Healthcare
Headquarters Alpharetta, Georgia, United States
Area served
Worldwide
Key people
Chris Lowery (President - Global Products)
Products
  • Surgical Solutions
  • Infection Prevention
Owner Owens & Minor
Number of employees
11,000 worldwide

Halyard, formerly Kimberly-Clark Health Care, now part of Owens & Minor, sells sterilization wrap, facial protection, gloves, protective apparel, surgical drapes and gowns in more than 100 countries.

Contents

History

On March 26, 1872, Kimberly, Clark & Co. was established in Neenah, Wisconsin through the partnership of four businessmen—John A. Kimberly, Havilah Babcock, Charles B. Clark and Frank C. Shattuck. [1]

The first healthcare product by Kimberly-Clark was absorbent wadding, intended to replace cotton. It was used as a bandage for wounded soldiers in World War I. Army nurses adapted the material for menstrual use. [2] Kaycel fabric for surgical gowns was developed by Kimberly-Clark in 1960 for use in field hospitals during the Korean War.[ clarification needed ] [3]

In 1980, Health Care began to grow as it was separated from consumer packaged goods management and products, such as Kleenex, with a move to Roswell, Georgia. [4] Kimberly-Clark Health Care had offices in North America, Latin America, Australia, New Zealand, China, Hong Kong, Europe, Asia and India. It also sold its products in more than 150 countries. [5]

Expansion

Kimberly-Clark Health Care opened European Health Care operations in Brussels in 1991. [6]

In 1999, Kimberly-Clark Health Care expanded into new global markets. [7]

Company acquisitions

In 1998, Ballard Medical Product, a maker of disposable medical devices for respiratory care, gastroenterology and cardiology, was purchased by Kimberly-Clark for $764 million. [8]

That same year, Kimberly-Clark also acquired TECNOL Medical Products, Inc., a maker of disposable face masks and patient care products. [9]

Kimberly-Clark acquired Safeskin Corporation in 2000, a maker of disposable gloves for healthcare, high technology and scientific industries. [10]

In 2009, Kimberly-Clark acquired Baylis Medical Company's Pain Management Business and I-Flow Corporation. [11] [12]

On April 11, 2016, Halyard announced its agreement to acquire CORPAK MedSystems, a company specializing in enteral access devices. The acquisition is an all-cash transaction for a total consideration of $174 million. [13]

Spin-off

In November 2013, Kimberly-Clark Corporation announced the company's plan to pursue a tax-free spin-off of the company's health care business creating a stand-alone, publicly traded health care company. Robert E. Abernathy would become chief executive officer of the new company. [14]

In May 2014, Kimberly-Clark announced that the Form 10 for the spin-off plan had been filed with the U.S. Securities and Exchange Commission and that the new company, Halyard Health, would be headquartered in Alpharetta, Georgia. [15]

The spin-off was scheduled to come into effect on October 31, 2014. At that time Halyard Health applied to list its shares on the New York Stock Exchange under the symbol "HYH". One hundred percent of the shares of Halyard Health would be distributed to Kimberly-Clark shareholders, one share for every eight shares of Kimberly-Clark stock. [15]

On November 3, 2014, Halyard debuted as a public company following the spin-off, and began trading on the NYSE under the symbol "HYH". [16]

Sale of Surgical and Infection Prevention Business

On November 1, 2017, Halyard announced it entered into a definitive agreement with Owens & Minor, Inc. to sell its Surgical and Infection Prevention business for $710 million. [17]

On May 1, 2018, HALYARD Surgical & Infection Prevention business officially became part of Owens & Minor. The sale did not include the Halyard Medical Device Business which will continue to operate under the Halyard name until a new name is announced in mid-2018. [18]

On June 27, 2018, the former Halyard medical device business was rebranded as Avanos Medical, Inc., [19]

Products

Lawsuit

The infection protection Microcool gowns manufactured by Halyard are at the center of a fraud lawsuit against Halyard Health and Kimberly-Clark and profiled on the newsmagazine 60 Minutes. [21] The lawsuit alleges that Halyard knowingly sold Microcool gowns which failed to meet industry standard specifications and could potentially expose medical workers to the patient's bodily fluids. The company denies the allegations and asserts that the gowns which failed to meet specifications were outliers, and that no health care worker has been infected as a result of defective products. [22]

Headquarters/campus

Halyard's campus is located in Alpharetta, Georgia, just north of Atlanta.

Awards

In 2013 and 2014, Halyard was named a winner of the Practice Greenhealth Champion for Change Awards, recognizing the company's ongoing commitment to sustainability accomplishments in support of people, the planet and products. [23] [24]

Halyard was awarded Innovative Technology Designation for Coolief Cooled Radiofrequency Treatment at Novation Expo 2015. [25]

Community

Since Kimberly-Clark's original grant to help launch MedShare in 1998, the company has funded the shipment of $18.5 million worth of supplies to 13 countries in Latin America. [26]

Since then, Halyard examination gloves have been on every MedShare shipment and Halyard continues to be one of MedShare's largest medical product donors. In 2015 Halyard donated $400,000 in medical supplies to MedShare for April 2015 Nepal earthquake relief efforts including surgical gowns, protective masks, and examination gloves. [27]

Related Research Articles

<span class="mw-page-title-main">Kleenex</span> Brand name for a variety of paper-based products

Kleenex is a brand name primarily known for their line of facial tissues. Often used informally as a genericized trademark for facial tissue, Kleenex is a registered trademark of Kimberly-Clark applied to products made in 78 countries. The brand has other paper products like napkins and toilet roll.

<span class="mw-page-title-main">Kimberly-Clark</span> American multinational personal care corporation

Kimberly-Clark Corporation is an American multinational consumer goods and personal care corporation that produces mostly paper-based consumer products. The company manufactures sanitary paper products and surgical & medical instruments. Kimberly-Clark brand name products include Kleenex facial tissue, Kotex feminine hygiene products, Cottonelle, Scott and Andrex toilet paper, Wypall utility wipes, KimWipes scientific cleaning wipes and Huggies disposable diapers and baby wipes.

Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties.

<span class="mw-page-title-main">Kotex</span> Brand of menstrual hygiene products

Kotex is an American brand of menstrual hygiene products, which includes the Kotex maxi, thin and ultra-thin pads, the Security tampons, and the Lightdays pantiliners. Most recently, the company has added U by Kotex to its menstrual hygiene product line. Kotex is owned and managed by Kimberly-Clark, a consumer products corporation active in more than 80 countries.

<span class="mw-page-title-main">GE HealthCare</span> American multinational medical technology company

GE HealthCare Technologies, Inc. is an American multinational medical technology company headquartered in Chicago, Illinois. It was spun-off from General Electric on January 4, 2023, with GE retaining 6.7%. As of 2017, it is a manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals for imaging modalities used in medical imaging procedures. It offers dyes used in magnetic-resonance-imaging procedures; manufactures medical diagnostic equipment, including CT image machines; MRI, X-ray; ultrasound; cath labs; mammogram; Nuclear Medicine Cameras; and develops health technology for medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, drug discovery, and biopharmaceutical manufacturing. It was incorporated in 1994 and operates in more than 100 countries.

<span class="mw-page-title-main">Medical glove</span> Single-use glove worn during medical examinations and procedures

Medical gloves are disposable gloves used during medical examinations and procedures to help prevent cross-contamination between caregivers and patients. Medical gloves are made of different polymers including latex, nitrile rubber, polyvinyl chloride and neoprene; they come unpowdered, or powdered with corn starch to lubricate the gloves, making them easier to put on the hands.

<span class="mw-page-title-main">Medtronic</span> Irish tax-registered medical device company

Medtronic plc is an American-Irish medical device company. The company's operational and executive headquarters are in Minneapolis, Minnesota, and its legal headquarters are in Ireland due to its acquisition of Irish-based Covidien in 2015. While it primarily operates in the United States, it operates in more than 150 countries and employs over 90,000 people. It develops and manufactures healthcare technologies and therapies. It is one of the biggest medical tech companies in the world and is currently the largest medical device company in the world by revenue.

<span class="mw-page-title-main">Cardinal Health</span> American multinational health care services company

Cardinal Health, Inc. is an American multinational health care services company, and the 14th highest revenue generating company in the United States. Headquartered in Dublin, Ohio, the company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations. The company also manufactures medical and surgical product, including gloves, surgical apparel, and fluid management products. In addition, it operates one of the largest networks of radiopharmacies in the U.S. Cardinal Health provides medical products to over 75 percent of hospitals in the United States.

<span class="mw-page-title-main">SSL International</span> British company

SSL International plc was a British manufacturer of healthcare products. Its best known brands were Durex and Scholl; other significant brands were Sauber and Mister Baby. The company's name was an abbreviation of Seton Scholl London International, its predecessor businesses. The company was founded in 1929 and was listed on the London Stock Exchange. In November 2010, SSL International was folded into Reckitt.

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Covidien is an Irish-headquartered global health care products company and manufacturer of medical devices and supplies. Covidien became an independent publicly traded company after being spun off from Tyco International in 2007. It was purchased by Medtronic in a transaction that closed in 2015. The now-merged company is headquartered in Ireland, where Covidien was based.

Johnson & Johnson Vision (JJV) is a subsidiary of Johnson & Johnson and is composed of two divisions, Johnson & Johnson Surgical Vision and Johnson & Johnson Vision Care. Services include Intraocular lenses, laser vision correction systems, phacoemulsification systems, viscoelastic, Microkeratomes and related products used in cataract and refractive surgery.

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<span class="mw-page-title-main">Peter Pronovost</span> American physician

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<span class="mw-page-title-main">Scrubs (clothing)</span> Lightweight, washable clothing worn by hospital staff or other medical personnel

Scrubs, sometimes called surgical scrubs or nursing scrubs, are the sanitary clothing worn by physicians, nurses, dentists and other workers involved in patient care. Originally designed for use by surgeons and other operating room personnel, who would put them on when sterilizing themselves, or "scrubbing in", before surgery, they are now worn by many hospital personnel.

Mölnlycke Health Care is a Swedish medical device company headquartered in Gothenburg and active internationally. The company manufactures and sells wound care and single-use surgical products and is a service provider to the healthcare sector. The surgical division includes medical devices such as drapes, gowns, facemasks, and headwear. The wound care division includes dressings, compression products and skin care products and emollients.

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<span class="mw-page-title-main">Medical gown</span> Type of personal protective equipment worn by medical professionals

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References

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