Tag: BSN Medical
BSN resolves allegations for $785K
August 30, 2022HME News Staff
CHARLOTTE – BSN Medical has agreed to resolve allegations that it marketed and promoted various products that did not meet the Medicare or Medicaid program’s reasonable and necessary requirements, causing the submission of false claims for patients, according to the U.S. Attorney’s Office for the Western District of North Carolina. Charlotte-based BSN, which specializes in compression therapy, wound care and orthopedics, has agreed to pay $785,672 to resolve the allegations. From...
SCA makes play for broader, elevated presence
December 23, 2016Liz Beaulieu, Editor
STOCKHOLM - SCA plans to buy BSN Medical from private equity group EQT Partners AB for $2.9 billion, giving the company a toehold in the higher growth and higher margin advanced wound care market and setting the stage for the spinoff of its hygiene business.
SCA, best known in the HME industry for its TENA brand of incontinence supplies, expects BSN, which makes Leukoplast and Cutimed advanced wound care products, to broaden and elevate the company's position in what it calls the “medical...
SCA to buy BSN for 2.74 billion euros
December 20, 2016HME News Staff
STOCKHOLM - SCA has entered into an agreement to acquire BSN Medical from the private equity group EQT Partners AB for 2.74 billion euros ($2.9 billion), it announced Dec. 19.
The deal with BSN, a maker of wound care and compression therapy products and orthopedics, allows SCA to bulk up its hygiene business as part of a planned separation from its forest products business.
“The BSN acquisition is an excellent strategic fit for SCA supporting our vision to improve well-being through leading...
Alliqua, BSN hammer out deal
July 8, 2016HME News Staff
YARDLEY, Pa., and CHARLOTTE, N.C. - Alliqua BioMedical, a provider of wound care products, has signed a definitive agreement with BSN Medical for the exclusive distribution rights for its Sorbion, Sachet and Sorbion Sana primary dressings in the U.S., Canada and Latin America. Per the agreement, BSN will pay Alliqua $4.4 million to purchase the rights of Alliqua's existing distribution agreement with Sorbion GmbH & Co KG, now owned by BSN Medical. “The sale of Alliqua's exclusive distribution...
Lymphedema advocates push for broader coverage
April 22, 2016Theresa Flaherty, Managing Editor
WASHINGTON - Lymphedema advocates took to Capitol Hill last week to gain support for legislation that would address a gap in treatment coverage for the chronic and often debilitating condition.
With a presidential election looming in the fall, the Lymphedema Advocacy Group, which held its 2016 Lymphedema Lobby Days April 19-20, wants to take advantage of the time it has now, before lawmakers get too distracted.
“There's momentum behind this,” said Judy Woodward, chairwoman of...
Wound care success starts with the skin
July 27, 2015John Andrews
The wound care market encompasses a wide range of conditions, products, services and healthcare settings, so it has sufficient versatility for the home medical equipment provider to maintain a healthy business. In fact, it may have the widest cross-marketing potential for retail sales to the public and professionals, market specialists say.Comprised of skin care, incontinence, wound management and support surfaces, the wound care category covers patients with various chronic conditions and serves...