Tag: Acelity
3M lays off employees at Acelity
January 29, 2020HME News Staff
ST. PAUL, Minn. - 3M has laid off about 20 employees at Acelity, a provider of advanced wound care products marketed under the KCI brand, according to MassDevice. The lay off follows the news that eight executives have left the San Antonio-based Acelity, the news site reported. 3M completed its acquisition of Acelity for $6.7 billion in October. A company once best known for its offices supplies, 3M has expanded into healthcare products like adhesive and tapes, hand hygiene, patient monitoring and...
In brief: KCI sells to 3M, senators introduce accessories bill
May 3, 2019HME News Staff
SAN ANTONIO and NEW YORK - A consortium of funds led by Apax Partners has entered into a definitive agreement to sell Acelity and its KCI subsidiaries worldwide to 3M for about $6.725 billion.KCI markets a broad range of negative pressure wound therapy, specialty surgical and advanced wound care dress products in about 90 countries.“Today, KCI embarks upon a new era,” said R. Andrew Eckert, CEO of Acelity. “Backed by the resources and expertise of 3M, KCI will be able to offer clinicians...
KCI sells to 3M
May 3, 2019HME News Staff
SAN ANTONIO and NEW YORK - A consortium of funds led by Apax Partners has entered into a definitive agreement to sell Acelity and its KCI subsidiaries worldwide to 3M for about $6.725 billion.
KCI markets a broad range of negative pressure wound therapy, specialty surgical and advanced wound care dress products in about 90 countries.
“Today, KCI embarks upon a new era,” said R. Andrew Eckert, CEO of Acelity. “Backed by the resources and expertise of 3M, KCI will be able to...
KCI to lay off 68 employees
February 15, 2018HME News Staff
SAN ANTONIO - KCI USA, a subsidiary of Acelity, will lay off 68 workers in May, according to a notice filed with state labor regulators and reported by the San Antonio Express-News. No reason was given for the layoffs, and calls and emails to the company were not immediately returned, according to the newspaper. In 2016, Acelity, formerly Kinetic Concepts, said it was not awarded contracts for negative pressure wound therapy in the Round 2 re-compete of competitive bidding, due to a technicality.
KCI still without contracts
August 19, 2016Theresa Flaherty, Managing Editor
SAN ANTONIO - Acelity—formerly Kinetic Concepts—has contracted with suppliers to provide negative pressure wound therapy products, while it continues fighting for its own contract, company execs say.In an earnings call Aug. 2, CEO Joe Woody said the company has contracted with suppliers in 116 of the 117 Round 2 re-compete bid areas to provide continued access to its products.“In the medium and long term, we will remain in discussions with CMS regarding our reinstatement as a direct...