Kinetic Concepts

{{Infobox company

| name = Kinetic Concepts

| foundation = San Antonio, Texas, {{Start date|1976}}

| location_city = San Antonio, Texas

| location_country = United States

| industry = Medical devices, medical technology

| products = Items related to negative pressure wound therapy and wound healing{{cite web |url=http://www.acelity.com/products |title=Products |publisher=Acelity |access-date=March 17, 2011}}

| revenue = $1.6 billion {{profit}} (2010)

| net_income = $256.1 million {{profit}} (2010)

| num_employees = 5,000 (2013)

| homepage =

}}

Kinetic Concepts, Inc., (KCI) is a global corporation that produces medical technology related to wounds and wound healing. KCI produced the first product developed specifically for negative pressure wound therapy. In 2013, the company employed 5,000 people and marketed its products in more than 25 countries.{{cite news |date=May 19, 2009 |title=FDA clears new KCI abdominal wound-care product |newspaper=San Antonio Business Journal |url=http://sanantonio.bizjournals.com/sanantonio/stories/2009/05/18/daily17.html?s=industry&i=health_care |access-date=January 25, 2011}} Its headquarters is in San Antonio, Texas.

KCI, LifeCell and Systagenix operated under the Acelity brand.

In October 2019, Acelity and its KCI subsidiaries worldwide were acquired by 3M for $6.7 billion, including assumption of debt and other adjustments.{{Cite web|url=https://news.3m.com/press-release/company-english/3m-completes-acquisition-acelity-inc|title=3M Completes Acquisition of Acelity, Inc.|website=3M News {{!}} United States|language=en|access-date=2019-10-19|archive-date=October 19, 2019|archive-url=https://web.archive.org/web/20191019145030/https://news.3m.com/press-release/company-english/3m-completes-acquisition-acelity-inc|url-status=dead}}

Operations

KCI is composed of three business units: Active Healing Solutions, LifeCell and Therapeutic Support Systems, that operate in the wound care, regenerative medicine and therapeutic support systems markets.{{cite news |date=July 21, 2009 |title=KCI earnings up during second quarter |newspaper=San Antonio Business Journal |url=http://www.bizjournals.com/sanantonio/stories/2009/07/20/daily9.html?s=industry&i=health_care |access-date=January 25, 2011}} The largest of these business units is dedicated to wound care{{cite news |title=KCI Appoints Kien Nguyen Vice President of Global Marketing for Active Healing Solutions(TM) |publisher=Business Wire |date=April 21, 2010 }} primarily negative pressure wound therapy for the treatment of traumatic wounds, pressure ulcers, chronic wounds and diabetic ulcers{{Cite news |title=Vacuum Assisted Closure Wound Therapy Cleared for Partial Thickness Burns |date=January 27, 2003 |publisher=Reuters Health Medical News }} but also assistance with surgery. The therapeutic support systems developed and supplied by KCI are largely for the treatment and prevention of complications associated with patient immobility.{{cite news |title=Kinetic Concepts Inc. Implements SolidWorks Software as Company-Wide Engineering Standard |publisher=Business Wire |date=March 6, 2000 }} These include support surfaces for hospital beds and home patients designed to address pulmonary complications in immobile patients. KCI also develops specialty beds for use in hospitals or in long-term care facilities.{{cite news |title=Kinetic Concepts Acquires RIK Medical |publisher=PR Newswire |date=October 6, 1997 }} KCI expanded into the regenerative medicine market in 2008. Through subsidiary company LifeCell Corporation, KCI develops and supplies tissue-based products. These include tissue-based treatments used in surgical procedures to repair soft-tissue.{{cite journal |date=July 1, 2008 |title=Kinetic Concepts now owns LifeCell Corp |journal=Biomedical Materials |page=5 |issn=0955-7717}}

Corporate history

KCI was founded in 1976 in San Antonio, Texas, by James R. Leininger, then an emergency room physician"Kinetic Concepts Inc. Implements SolidWorks Software as Company-Wide Engineering Standard." Business Wire. March 6, 2000. who wanted to help prevent the pulmonary complications associated with immobility. Over time, the company developed or acquired a line of therapeutic specialty beds, introducing a specialty bed for acute care patients with pulmonary complications.{{cite news |title=Kinetic Concepts introduces TriaDyne, latest addition to line of therapeutic beds and surfaces |publisher=Business Wire |date=May 23, 1995}} Initially KCI's product development focused on therapeutic beds and surfaces then expanded to introduce the first commercial negative pressure wound therapy products in the mid-1990s.{{cite news |title=KCI Honors Dr. Louis Argenta With Research-Based Fellowship and Scholarship |publisher=Business Wire |date=October 12, 2009}} KCI acquired regenerative medicine company, LifeCell, in 2008 in a non-hostile transaction for {{dollarsign|USD}}1.7 billion.{{cite news |title=KCI to Acquire LifeCell for $1.7 Billion in Cash Creating a Global Medical Technology Leader |publisher=Business Wire |date=April 7, 2008}}{{cite news |title=Analyst questions Kinetic Concepts' purchase of LifeCell due to high price and low revenue |publisher=The Associated Press |date=April 8, 2008}} In January 2012, LifeCell was made a sister company to KCI. In 2013, LifeCell and KCI recombined into one company.{{Cite web|last=Danner|first=Patrick|date=2013-09-29|title=KCI, LifeCell agree to merge operations|url=https://www.mysanantonio.com/business/local/article/KCI-LifeCell-agree-to-merge-operations-4854827.php|access-date=2021-03-10|website=mySA|language=en-US}}{{Cite web|title=Kinetic Concepts To Recombine With Sister Company Life Cell|url=https://www.mpo-mag.com/contents/view_breaking-news/2013-10-02/kinetic-concepts-to-recombine-with-sister-company-life-cell/|access-date=2021-03-10|website=Medical Product Outsourcing}}

Financial information

From the founding of the company in 1976 to 1988, the revenue of KCI grew to {{dollarsign|USD}}153.2 million. The growth in revenue allowed KCI to go public and trade on the New York Stock Exchange (NYSE) in 1988.{{cite news |last1=Blaker |first1=Ashley |date=December 24, 1990 |title=Kinetic Expands Foreign Presence With Acquisitions |newspaper=San Antonio Business Journal |volume=4 |issue=49 |pages=1}} KCI stock was traded on the NYSE until 1997, when the company went private. In February 2004, KCI became a publicly listed company for the second time and was listed on the NYSE under the ticker symbol KCI.{{cite news |title=Second IPO Helps Heal Old Wounds; Kinetic Concepts Inc.; San Antonio, Texas |first=Peter |last=Benesh |newspaper=Investor's Business Daily |date=June 14, 2004 |page=A09 }}{{cite news |title=Wound-care developer is a healthy company |first=Malcolm |last=Berko |publisher=Copley News Service |date=August 3, 2007}}

By the late 2000s, the company's revenue was over $1 billion and reported an increase of 17 percent in 2007 to $1.61 billion.{{cite news |date=January 29, 2008 |title=KCI concludes 2007 on strong note |newspaper=San Antonio Business Journal}} Revenue for 2008 was $1.88 billion, increasing to $1.99 billion in 2009{{cite web |url=http://moneycentral.msn.com/investor/invsub/results/hilite.asp?symbol=KCI |title=Highlights KCI |date=January 2011 |work=MSN Money |publisher=MSN |access-date=January 25, 2011 |archive-url=https://web.archive.org/web/20040321104312/http://moneycentral.msn.com/investor/invsub/results/hilite.asp?Symbol=KCI |archive-date=March 21, 2004 |url-status=dead }} and in 2010 increased to $2.02 billion.{{cite news |title=Kinetic Concepts 4Q profit grows 12 percent |url=https://www.bloomberg.com/news/2011-02-01/kinetic-concepts-4q-profit-grows-12-percent.html |agency=Associated Press |publisher=Bloomberg Business News |date=February 1, 2011 |access-date=February 4, 2011}} On November 4, 2011, the company went private again at a price of $68.50 per share.

Product lines

V.A.C. systems used for negative pressure wound therapy.{{cite web |url=http://www.businesswire.com/news/home/20100426005833/en/KCI-Launch-V.A.C.Via%E2%84%A2-Advanced-Mobile-Healing-Technology |title=KCI to Launch V.A.C.Via, an Advanced Mobile Healing Technology |date=April 26, 2010 |website=Business Wire |access-date=January 25, 2011}}