Healthcare Equipment and Supplies
Company Overview of Kinetic Concepts, Inc.
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
Founded in 1976
Key Executives for Kinetic Concepts, Inc.
Interim Chief Financial Officer, Vice President and Corporate Controller
Senior Vice President of Operations
President of Kci Volunteer Council
Group President of Businesses and Innovation
Chief Compliance Officer and Senior Vice President of Enterprise Risk Management
Compensation as of Fiscal Year 2017.
Kinetic Concepts, Inc. Key Developments
Kinetic Concepts, Inc. and KCI USA, Inc. Repay their Existing Credit Facilities and Redeemed all Outstanding Principal Amounts of their 9.625% Second Lien Senior Secured Notes Due 2021
Feb 7 17
Acelity L.P. Inc. has announced that, on February 3, 2017, its wholly-owned operating subsidiaries, Kinetic Concepts, Inc. and KCI USA, Inc. (collectively, the Borrowers or the Issuers) repaid in full their existing credit facilities and redeemed all outstanding principal amounts of their 9.625% Second Lien Senior Secured Notes due 2021 and their 12.5% Senior Notes due 2019. Additionally, the Borrowers, together with certain of Acelity’s other subsidiaries, entered into a new credit agreement which provides for a $1,085 million term facility, €239 million euro term facility and a $300 million revolving facility. The term loan facilities will mature on February 3, 2024, and the revolving facility will mature on February 3, 2022.
Kinetic Concepts, Inc. and KCI USA, Inc. Announce Expiration of and Final Results for the Exchange Offer with Respect to Senior Notes Due 2019
Oct 4 16
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
Sep 14 16
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.
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