January 22, 2017 3:41 PM ET

Healthcare Equipment and Supplies

Company Overview of Kinetic Concepts, Inc.

Company Overview

Kinetic Concepts, Inc. develops wound healing technologies, medicines, and therapies for caregivers, healthcare professionals, and patients in the United States and internationally. It offers V.A.C., a wound healing modality that delivers negative pressure wound therapy for healing; V.A.C.Ulta, a negative pressure wound therapy system; ABThera, an open abdomen negative pressure therapy; and Prevena, a negative pressure product for the management of closed surgical incisions that continue to drain following sutured or stapled closure. The company also offers Graftjacket, a regenerative tissue matrix for the repair or replacement of damaged or inadequate integumental tissue, such as diabetic f...

12930 Interstate Highway 10 West

San Antonio, TX 78249

United States

Founded in 1976

Phone:

210-524-9000

Fax:

210-255-6998

Key Executives for Kinetic Concepts, Inc.

Chief Executive Officer, President and Director
Age: 50
Interim Chief Financial Officer, Vice President and Corporate Controller
Senior Vice President of Operations
Age: 57
President of Kci Volunteer Council
Group President of Businesses and Innovation
Age: 42
Compensation as of Fiscal Year 2016.

Kinetic Concepts, Inc. Key Developments

Kinetic Concepts, Inc. and KCI USA, Inc. Announce Expiration of and Final Results for the Exchange Offer with Respect to Senior Notes Due 2019

Acelity L.P. Inc. announced the final results of the private offer to Eligible Holders by its subsidiaries, Kinetic Concepts, Inc. and KCI USA, Inc. (together with KCI, the “Issuers”), to exchange a portion of their 12.5% Senior Notes due 2019 (the “Existing Unsecured Notes”) for up to $450.0 million aggregate principal amount of their new 12.5% Limited Third Lien Senior Secured Notes due 2021 (the “New Notes”). The Exchange Offer expired at midnight, New York City time, on October 3, 2016 (the “Expiration Date”). The Issuers were advised by the exchange agent for the Exchange Offer that, as of the Expiration Date, a total of $445,061,000 aggregate principal amount of Existing Unsecured Notes, representing approximately 72.72% of the outstanding Existing Unsecured Notes, were properly tendered (and not validly withdrawn) in the Exchange Offer. The Issuers will accept for exchange such amount of Existing Unsecured Notes properly tendered and not validly withdrawn in the Exchange Offer, such that the aggregate principal amount of New Notes issued in the Exchange Offer does not exceed $450.0 million. As there were less than $450.0 million aggregate principal amount of Existing Unsecured Notes properly tendered (and not validly withdrawn) in the Exchange Offer as of the Expiration Date, the Issuers will accept for exchange all such Existing Unsecured Notes properly tendered (and not validly withdrawn) without proration. Upon settlement of the Exchange Offer, holders of Existing Unsecured Notes whose Existing Unsecured Notes were properly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on September 19, 2016 (the “Early Tender and Consent Date”) and whose Existing Unsecured Notes are accepted by the Issuers for exchange pursuant to the Exchange Offer will receive, for each $1,000 principal amount of Existing Unsecured Notes accepted for exchange, the “Total Exchange Consideration” of $1,000 principal amount of New Notes, which includes the “Early Participation Premium” of $50 principal amount of New Notes.

Progenerative Medical, Inc. Enters into a Technology Licensing Agreement with Kinetic Concepts

Progenerative Medical, Inc. announced they have entered into a technology licensing agreement with Kinetic Concepts (KCI). The license grants PGM exclusive, world-wide rights to KCI's extensive intellectual property and preclinical product development portfolio enabling effective delivery of negative pressure therapy for orthopedic and spine indications.

Kinetic Concepts, Inc. and KCI USA, Inc. Commences Exchange Offer and Consent Solicitation with Respect to Senior Notes Due 2019

Acelity L.P. Inc. announced that its wholly-owned subsidiaries, Kinetic Concepts, Inc. and KCI USA, Inc. have commenced a private offer to Eligible Holders to exchange a portion of their 12.5% Senior Notes due 2019 for up to $450.0 million aggregate principal amount of their new 12.5% Limited Third Lien Senior Secured Notes due 2021. The Issuers are also soliciting consents, for no consideration, from holders of Existing Unsecured Notes to certain proposed amendments to the indenture governing the Existing Unsecured Notes. Holders of Existing Unsecured Notes may not tender Existing Unsecured Notes without delivering a Consent with respect to the Existing Unsecured Notes tendered and holders of Existing Unsecured Notes may not deliver a Consent with respect to any Existing Unsecured Notes without tendering the relevant Existing Unsecured Notes. The Issuers will accept for exchange such amount of Existing Unsecured Notes properly tendered and not validly withdrawn in the Exchange Offer, such that the aggregate principal amount of New Notes issued in the Exchange Offer does not exceed $450.0 million. As of June 30, 2016, there was $612.0 million aggregate principal amount of the Existing Unsecured Notes outstanding. In the event that the Exchange Offer is oversubscribed, upon the terms and subject to the conditions of the Exchange Offer, the Existing Unsecured Notes will be accepted for exchange on a pro rata basis.

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