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February 06, 2016 3:03 AM ET

Healthcare Equipment and Supplies

Company Overview of Acelity L.P. Inc.

Company Overview

Kinetic Concepts Inc. produces surgical healing and hospital patient-mobility equipment, including a tissue-repair therapy used in hospitals in the U.S. and worldwide for acute care and serious trauma. Its wound-care and tissue-repair system is used in pulmonary care, for post-cardiac-arrest complications in the intensive-care unit, and for other types of wound treatment including failed surgical closures, amputations, and serious pressure ulcers. The system works by using a vacuum-assisted closure technology. A second product is a line of hospital equipment that provides mobility to patients who cannot move because of pulmonary complications or due to obesity. Its bariatric-care products pr...

12930 West Interstate 10

San Antonio, TX 78249

United States

Founded in 1976

Phone:

210-524-9000

Key Executives for Acelity L.P. Inc.

principal Executive Officer, President and Director
Age: 49
Chief Financial Officer and Executive Vice President
Age: 52
Senior Vice President of Operations, Quality and Regulatory
Age: 55
President of Developed Markets
Age: 45
Group President of Businesses and Innovation
Age: 41
Compensation as of Fiscal Year 2015.

Acelity L.P. Inc. Key Developments

Acelity L.P. to Enter into an Amendment to the Credit Agreement

Acelity L.P. Inc. together with certain of its subsidiaries, has obtained commitments from certain of the lenders under its existing senior secured credit facilities to enter into an amendment to the credit agreement governing its existing senior secured credit facilities to, among other things, extend the maturity date of each such consenting lender's commitments under the revolving credit facility to November 4, 2017. Promptly after the effectiveness of the credit agreement extension amendment, Acelity expects to permanently reduce a portion of the commitments under the revolving credit facility of commitments of lenders that did not consent to extend the maturity date of their commitments under its revolving credit facility via the credit agreement extension amendment. In connection with the credit agreement extension amendment and the permanent reduction, Acelity has obtained commitments from certain lenders to provide incremental commitments under the revolving credit facility in a principal amount equal to the principal amount of the commitments subject to the permanent reduction, which such incremental revolving commitments will have also a maturity date of November 4, 2017. After giving effect to the credit agreement extension amendment and the incremental revolving commitments, Acelity expects to have aggregate revolving loan commitments under its existing senior secured credit facilities of approximately $171.3 million maturing on November 4, 2017 with an additional approximately $28.7 million in revolving loan commitments continuing to mature on November 4, 2016. The effectiveness of the credit agreement extension amendment, the permanent reduction and the establishment of the incremental revolving commitments are conditioned on, among other things, the closing of the proposed financing transaction. However, the proposed financing transaction is not conditioned on the effectiveness of any of the credit agreement extension amendment, the permanent reduction or the incremental revolving commitments.

Acelity L.P. Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015

Acelity L.P. Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total revenue of $483,798,000 against $482,733,000 a year ago. Operating earnings was $82,933,000 against $55,299,000 a year ago. Loss from continuing operations before income tax benefit was $20,624,000 against $43,893,000 a year ago. Loss from continuing operations was $15,542,000 against $30,928,000 a year ago. Net loss was $15,542,000 against $29,536,000 a year ago. Adjusted EBITDA from continuing operations was $183,476,000 against $198,332,000 a year ago. Total adjusted EBITDA was $183,476,000 against $199,697,000 a year ago. For the year, the company reported total revenue of $1,867,173,000 against $1,866,339,000 a year ago. Operating earnings was $363,297,000 against $34,328,000 a year ago. Loss from continuing operations before income tax benefit was $60,411,000 against $362,077,000 a year ago. Loss from continuing operations was $47,656,000 against $235,046,000 a year ago. Net loss was $47,656,000 against $230,473,000 a year ago. Net cash provided by operating activities was $80,898,000 against $91,795,000 a year ago. Additions to property, plant and equipment was $68,213,000 against $66,584,000 a year ago. Adjusted EBITDA from continuing operations was $709,674,000 against $712,116,000 a year ago. Total adjusted EBITDA was $709,674,000 against $718,653,000 a year ago.

Acelity L.P. Inc. to Report Q4, 2015 Results on Jan 26, 2016

Acelity L.P. Inc. announced that they will report Q4, 2015 results at 1:42 PM, GMT Standard Time on Jan 26, 2016

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