Kinetic Concepts

Last updated

Kinetic Concepts
Type Subsidiary of 3M
Industry Medical devices, medical technology
Founded San Antonio, Texas, 1976 (1976)
Headquarters
San Antonio, Texas
,
ProductsItems related to negative pressure wound therapy and wound healing [1]
Revenue$1.6 billion Increase2.svg (2010)
$256.1 million Increase2.svg (2010)
Number of employees
5,000 (2013)

Kinetic Concepts, Inc., (KCI) is a global corporation that produces medical technology related to wounds and wound healing. KCI produced the first product developed specifically for negative pressure wound therapy. In 2013, the company employed 5,000 people and marketed its products in more than 25 countries. [2] Its headquarters is in San Antonio, Texas.

Contents

KCI, LifeCell and Systagenix operated under the Acelity brand.

In October 2019, Acelity and its KCI subsidiaries worldwide were acquired by 3M for $6.7 billion, including assumption of debt and other adjustments. [3]

Operations

KCI is composed of three business units: Active Healing Solutions, LifeCell and Therapeutic Support Systems, that operate in the wound care, regenerative medicine and therapeutic support systems markets. [4] The largest of these business units is dedicated to wound care [5] primarily negative pressure wound therapy for the treatment of traumatic wounds, pressure ulcers, chronic wounds and diabetic ulcers [6] but also assistance with surgery. [7] The therapeutic support systems developed and supplied by KCI are largely for the treatment and prevention of complications associated with patient immobility. [8] These include support surfaces for hospital beds and home patients designed to address pulmonary complications in immobile patients. KCI also develops specialty beds for use in hospitals or in long-term care facilities. [9] KCI expanded into the regenerative medicine market in 2008. [4] Through subsidiary company LifeCell Corporation, KCI develops and supplies tissue-based products. These include tissue-based treatments used in surgical procedures to repair soft-tissue. [10]

Corporate history

KCI was founded in 1976 in San Antonio, Texas, by James R. Leininger, then an emergency room physician [11] who wanted to help prevent the pulmonary complications associated with immobility. Over time, the company developed or acquired a line of therapeutic specialty beds, introducing a specialty bed for acute care patients with pulmonary complications. [12] Initially KCI's product development focused on therapeutic beds and surfaces then expanded to introduce the first commercial negative pressure wound therapy products in the mid-1990s. [7] [13] KCI acquired regenerative medicine company, LifeCell, in 2008 [4] in a non-hostile transaction for US$1.7 billion. [14] [15] In January 2012, LifeCell was made a sister company to KCI. In 2013, LifeCell and KCI recombined into one company. [16] [17]

Financial information

From the founding of the company in 1976 to 1988, the revenue of KCI grew to US$153.2 million. The growth in revenue allowed KCI to go public and trade on the New York Stock Exchange (NYSE) in 1988. [18] KCI stock was traded on the NYSE until 1997, when the company went private. In February 2004, KCI became a publicly listed company for the second time and was listed on the NYSE under the ticker symbol KCI. [7] [19]

By the late 2000s, the company's revenue was over $1 billion and reported an increase of 17 percent in 2007 to $1.61 billion. [20] Revenue for 2008 was $1.88 billion, increasing to $1.99 billion in 2009 [21] and in 2010 increased to $2.02 billion. [22] On November 4, 2011, the company went private again at a price of $68.50 per share.

Product lines

See also

Related Research Articles

<span class="mw-page-title-main">Hyperbaric medicine</span> Medical treatment at raised ambient pressure

Hyperbaric medicine is medical treatment in which an ambient pressure greater than sea level atmospheric pressure is a necessary component. The treatment comprises hyperbaric oxygen therapy (HBOT), the medical use of oxygen at an ambient pressure higher than atmospheric pressure, and therapeutic recompression for decompression illness, intended to reduce the injurious effects of systemic gas bubbles by physically reducing their size and providing improved conditions for elimination of bubbles and excess dissolved gas.

<span class="mw-page-title-main">Wound</span> Acute injury from laceration, puncture, blunt force, or compression

A wound is a rapid onset of injury that involves lacerated or punctured skin, or a contusion from blunt force trauma or compression. In pathology, a wound is an acute injury that damages the epidermis of the skin. To heal a wound, the body undertakes a series of actions collectively known as the wound healing process.

<span class="mw-page-title-main">Wound healing</span> Series of events that restore integrity to damaged tissue after an injury

Wound healing refers to a living organism's replacement of destroyed or damaged tissue by newly produced tissue.

<span class="mw-page-title-main">Pressure ulcer</span> Skin ulcer (bed sore)

Pressure ulcers, also known as pressure sores, bed sores or pressure injuries, are localised damage to the skin and/or underlying tissue that usually occur over a bony prominence as a result of usually long-term pressure, or pressure in combination with shear or friction. The most common sites are the skin overlying the sacrum, coccyx, heels, and hips, though other sites can be affected, such as the elbows, knees, ankles, back of shoulders, or the back of the cranium.

<span class="mw-page-title-main">Venous ulcer</span> Medical condition

Venous ulcer is defined by the American Venous Forum as "a full-thickness defect of skin, most frequently in the ankle region, that fails to heal spontaneously and is sustained by chronic venous disease, based on venous duplex ultrasound testing." Venous ulcers are wounds that are thought to occur due to improper functioning of venous valves, usually of the legs. They are an important cause of chronic wounds, affecting 1% of the population. Venous ulcers develop mostly along the medial distal leg, and can be painful with negative effects on quality of life.

A chronic wound is a wound that does not heal in an orderly set of stages and in a predictable amount of time the way most wounds do; wounds that do not heal within three months are often considered chronic. Chronic wounds seem to be detained in one or more of the phases of wound healing. For example, chronic wounds often remain in the inflammatory stage for too long. To overcome that stage and jump-start the healing process, a number of factors need to be addressed such as bacterial burden, necrotic tissue, and moisture balance of the whole wound. In acute wounds, there is a precise balance between production and degradation of molecules such as collagen; in chronic wounds this balance is lost and degradation plays too large a role.

<span class="mw-page-title-main">Negative-pressure wound therapy</span> Therapeutic technique

Negative-pressure wound therapy (NPWT), also known as a vacuum assisted closure (VAC), is a therapeutic technique using a suction pump, tubing, and a dressing to remove excess exudate and promote healing in acute or chronic wounds and second- and third-degree burns. The therapy involves the controlled application of sub-atmospheric pressure to the local wound environment using a sealed wound dressing connected to a vacuum pump. The use of this technique in wound management started in the 1990s and this technique is often recommended for treatment of a range of wounds including dehisced surgical wounds, closed surgical wounds, open abdominal wounds, open fractures, pressure injuries or pressure ulcers, diabetic foot ulcers, venous insufficiency ulcers, some types of skin grafts, burns, sternal wounds. It may also be considered after a clean surgery in a person who is obese.

<span class="mw-page-title-main">Therapy</span> Attempted medical remediation of a health problem

A therapy or medical treatment is the attempted remediation of a health problem, usually following a medical diagnosis.

<span class="mw-page-title-main">Radionics</span> Form of alternative medicine

Radionics—also called electromagnetic therapy (EMT) and the Abrams Method—is a form of alternative medicine that claims that disease can be diagnosed and treated by applying electromagnetic radiation (EMR), such as radio waves, to the body from an electrically powered device. It is similar to magnet therapy, which also applies EMR to the body but uses a magnet that generates a static electromagnetic field.

<span class="mw-page-title-main">Therapeutic garden</span>

A therapeutic garden or wellness garden is an outdoor garden space that has been specifically designed to meet the physical, psychological, social and spiritual needs of the people using the garden as well as their caregivers, family members and friends.

Transdermal Continuous Oxygen Therapy is a wound closure technique for chronic and acute wounds which blankets a wound in oxygen on a 24-hour basis until the wound heals. Unlike hyperbaric oxygen treatment for chronic wounds, oxygen treatment used in this therapy is not systemic in nature and treats only the wound area. This treatment differs from topical oxygen treatments, as topical oxygen typically involves sporadic treatments of 1–3 hours several times per week, while TCOT treatment is 24/7 by nature.

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

Peter Thomas DeMarco was an American physician who graduated from Albright College in Pennsylvania and achieved his doctor of medicine degree in 1957 from Hahnemann Medical College of Philadelphia, Pennsylvania.

<span class="mw-page-title-main">Helixmith</span> South Korean biotechnology company

Helixmith Co. LTD. is a biotechnology company located in Seoul, South Korea with US presence in San Diego. The company has an extensive gene therapy pipeline, including a non-viral plasmid DNA program for neuromuscular and ischemic disease, a CAR-T program targeting several different types of solid tumors, and an AAV vector program targeting neuromuscular diseases. Helixmith’s lead gene is Engensis (VM202), currently in phase III diabetic peripheral neuropathy (DPN) in the US. Engensis (VM202) is a plasmid DNA designed to simultaneously express two isoforms of hepatocyte growth factor (HGF), HGF 728 and HGF 723. In addition to DPN, Engensis is also being studied in diabetic foot ulcers (DFU), amyotrophic lateral sclerosis (ALS), coronary artery disease (CAD), claudication, and Charcot-Marie-Tooth disease (CMT).

Arie S. Belldegrun, FACS, is an Israeli-American urologic oncologist, billionaire businessman and investor.

NovaBay Pharmaceuticals, Inc. is an Emeryville, California based clinical-stage biopharmaceutical company, focused on developing novel, fast-acting, synthetic anti-infectives compounds. These compounds are designed to mimic the body's defense system against infection. The company is currently focused on products for the eye care market. Major products include Avenova, cleared by FDA for lid and lash cleansing as part of a regimen for Blepharitis. and NeutroPhase, used in treatment of Necrotizing Fasciitis

Chronic wound pain is a condition described as unremitting, disabling, and recalcitrant pain experienced by individuals with various types of chronic wounds. Chronic wounds such as venous leg ulcers, arterial ulcers, diabetic foot ulcers, pressure ulcers, and malignant wounds can have an enormous impact on an individual’s quality of life with pain being one of the most distressing symptoms.

<span class="mw-page-title-main">Diabetic foot ulcer</span> Medical condition

Diabetic foot ulcer is a major complication of diabetes mellitus, and probably the major component of the diabetic foot.

<span class="mw-page-title-main">Acelity</span> Privately held medical device company

Acelity L.P. Inc., was a privately held medical device company. It was a non-operating holding company whose wholly owned subsidiaries developed advanced wound therapeutics products. The advanced wound therapeutics business was conducted by Kinetic Concepts, Inc. (KCI) and its subsidiaries, including Systagenix.

Micropore particle technology consists of fine, highly porous particles that remove fluid by a combination of capillary action and evaporation. Currently, they are mainly used in wound healing, where they absorb wound exudate into their micropore structure. Here capillary flow transports the exudate away from the wound surface towards the upper surface of the MPPT layer, where a highly expanded surface area facilitates effective evaporation. The MPPT essentially acts as small micro-pumps, which, due to their small size, are able to access all crevices in the wound surface.

<span class="mw-page-title-main">Integra LifeSciences</span> Device manufacturing company

Integra LifeSciences is a global medical device manufacturing company headquartered in Princeton, New Jersey. Founded in 1989, the company manufactures products for skin regeneration, neurosurgery, reconstructive and general surgery. Integra artificial skin became the first commercially reproducible skin tissue used to treat severe burns and other skin wounds.

References

  1. "Products". Acelity. Retrieved March 17, 2011.
  2. "FDA clears new KCI abdominal wound-care product". San Antonio Business Journal. May 19, 2009. Retrieved January 25, 2011.
  3. "3M Completes Acquisition of Acelity, Inc". 3M News | United States. Archived from the original on October 19, 2019. Retrieved October 19, 2019.
  4. 1 2 3 "KCI earnings up during second quarter". San Antonio Business Journal. July 21, 2009. Retrieved January 25, 2011.
  5. "KCI Appoints Kien Nguyen Vice President of Global Marketing for Active Healing Solutions(TM)". Business Wire. April 21, 2010.
  6. "Vacuum Assisted Closure Wound Therapy Cleared for Partial Thickness Burns". Reuters Health Medical News. January 27, 2003.
  7. 1 2 3 Benesh, Peter (June 14, 2004). "Second IPO Helps Heal Old Wounds; Kinetic Concepts Inc.; San Antonio, Texas". Investor's Business Daily. p. A09.
  8. "Kinetic Concepts Inc. Implements SolidWorks Software as Company-Wide Engineering Standard". Business Wire. March 6, 2000.
  9. "Kinetic Concepts Acquires RIK Medical". PR Newswire. October 6, 1997.
  10. "Kinetic Concepts now owns LifeCell Corp". Biomedical Materials : 5. July 1, 2008. ISSN   0955-7717.
  11. "Kinetic Concepts Inc. Implements SolidWorks Software as Company-Wide Engineering Standard." Business Wire. March 6, 2000.
  12. "Kinetic Concepts introduces TriaDyne, latest addition to line of therapeutic beds and surfaces". Business Wire. May 23, 1995.
  13. "KCI Honors Dr. Louis Argenta With Research-Based Fellowship and Scholarship". Business Wire. October 12, 2009.
  14. "KCI to Acquire LifeCell for $1.7 Billion in Cash Creating a Global Medical Technology Leader". Business Wire. April 7, 2008.
  15. "Analyst questions Kinetic Concepts' purchase of LifeCell due to high price and low revenue". The Associated Press. April 8, 2008.
  16. Danner, Patrick (September 29, 2013). "KCI, LifeCell agree to merge operations". mySA. Retrieved March 10, 2021.
  17. "Kinetic Concepts To Recombine With Sister Company Life Cell". Medical Product Outsourcing. Retrieved March 10, 2021.
  18. Blaker, Ashley (December 24, 1990). "Kinetic Expands Foreign Presence With Acquisitions". San Antonio Business Journal. Vol. 4, no. 49. p. 1.
  19. Berko, Malcolm (August 3, 2007). "Wound-care developer is a healthy company". Copley News Service.
  20. "KCI concludes 2007 on strong note". San Antonio Business Journal. January 29, 2008.
  21. "Highlights KCI". MSN Money. MSN. January 2011. Archived from the original on March 21, 2004. Retrieved January 25, 2011.
  22. "Kinetic Concepts 4Q profit grows 12 percent". Bloomberg Business News. Associated Press. February 1, 2011. Retrieved February 4, 2011.
  23. "KCI to Launch V.A.C.Via, an Advanced Mobile Healing Technology". Business Wire. April 26, 2010. Retrieved January 25, 2011.