PE-Backed Kinetic Drops $485M On UK Wound Care Biz

Law360, New York (July 30, 2013, 12:09 PM EDT) -- Private equity-backed medical technology company Kinetic Concepts Inc. said Tuesday that it has notched a major step in its ongoing diversification push with a $485 million purchase of U.K.-based manufacturer of wound care products Systagenix, a buy that also widens its geographic reach.

For KCI, taken private by Apax Partners in 2011, the deal provides a shot at new revenues and markets — specifically, in the advanced wound care sector, which the company said is worth $3.4 billion and growing substantially year over year. It also...
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