| Date | Title | | | 01/26/10 | Kinetic Concepts Reports Fourth Quarter and Full Year Financial Results for 2009|
Fourth Quarter Highlights
- Total revenue of $526.8 million, up 7% from the prior-year period as reported and up 4% on a constant currency basis
- North American Active Healing Solutions ("AHS"), formerly V.A.C. Therapy(R), revenue of $274.3 million, up 3% as reported and 2% on a constant currency basis
- Worldwide AHS revenue of $367.2 million, up 6% as reported and 2% on a constant currency basis
- Regenerative Medicine revenue of $76.9 million, up 13% from the prior-year period
- Wo... |
|  | | 01/19/10 | KCI Sends Critically Needed Medical Products to Haiti to Help Treat
Seriously Wounded| KCI Donates its Signature V.A.C.(R)Therapy and Other Wound Care Products; In-Kind Donation Valued at More Than $2 MillionSAN ANTONIO, Jan 19, 2010 (BUSINESS WIRE) -- Kinetic
Concepts, Inc. (NYSE: KCI) today announced its contribution of more
than $2 million dollars worth of advanced wound care products to the
Haiti relief effort. The in-kind donation includes KCI's
industry-leading Active Healing SolutionsTM and Therapeutic
Support SystemsTM products desig... |
| | | 01/12/10 | Kinetic Concepts, Inc. Announces Date of Its Fourth Quarter and
Year-End 2009 Earnings Release and Conference Call| SAN ANTONIO, Jan 12, 2010 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI) today announced that it will
report its fourth quarter and year-end 2009 financial results on
Tuesday, January 26, 2010, at 6:00 a.m. EST. The company's senior
management team will also host an investor conference call to discuss
fourth quarter and year-end results along with current business trends
on Tuesday, January 26, 2010, at 8:30 a.m. EST.
To access the conference call, ... |
| | | 01/06/10 | Kinetic Concepts, Inc. to Present at the 28th
Annual JPMorgan Healthcare Conference| SAN ANTONIO, Jan 06, 2010 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI) today announced that Catherine Burzik,
President and Chief Executive Officer, will present at the 28th
Annual JPMorgan Healthcare Conference in San Francisco.
Ms. Burzik will address conference attendees on Tuesday, January 12,
2010, at 10:30 a.m. PT (1:30 p.m. ET) and will discuss plans for the
company's innovative technology, company performance, as well as
strategies for con... |
| | | 11/02/09 | KCI Announces Final Approval to Enter Japan Market|
Formal regulatory approval enables commercialization of innovative
V.A.C.® Therapy System in Japan
SAN ANTONIO--(BUSINESS WIRE)--Nov. 2, 2009--
Kinetic
Concepts, Inc. (NYSE: KCI) announced today that the Ministry of
Health, Labor and Welfare (MHLW) in Japan has granted final regulatory
approval for KCI to market and sell its innovative V.A.C.®
Therapy System in the country.
“Japan has a deep heritage of providi... |
| | | 10/21/09 | Kinetic Concepts Reports Financial Results for Third Quarter and First Nine Months of 2009| SAN ANTONIO--(BUSINESS WIRE)--Oct. 21, 2009--
Kinetic Concepts, Inc. (NYSE: KCI):
Third Quarter Highlights
- Worldwide V.A.C. Therapy revenue of $360.6 million, up 2% on a
constant currency basis
- North American V.A.C. Therapy revenue of $270.8 million, up 1% from
the prior-year period on a constant currency basis
- Regenerative Medicine revenue of $71.8 million, up 17% from the
prior-year period... |
| | | 10/12/09 | KCI Honors Dr. Louis Argenta with Research-Based Fellowship and Scholarship|
Grant Celebrates the Conception of Negative Pressure Wound Therapy
CHICAGO--(BUSINESS WIRE)--Oct. 12, 2009--
Kinetic Concepts, Inc. (KCI) and the American College of Surgeons (ACS)
Foundation today announced a five-year, $250,000 educational grant for a
research fellowship and international scholarship to promote the
surgical education and research vital to advancing wound care. Both
educational opportunities will honor the role of Dr. Loui... |
| | | 10/12/09 | KCI Hosts Investigator Meeting for New Multicenter Observational ABTAC Study during American College of Surgeons' Clinical Congress|
Hosts Open Abdomen Management Symposium Featuring Top Surgical,
Critical Care Experts
SAN ANTONIO--(BUSINESS WIRE)--Oct. 12, 2009--
Kinetic Concepts, Inc. (NYSE: KCI) will feature ABThera™ Open Abdomen
Negative Pressure Therapy System, the latest addition to the KCI
Negative Pressure Technology Platform (NPTP), at the American College of
Surgeons’ 95th Annual Clinical Congress, Oct. 11-15 in
Chicago.
Avai... |
| | | 10/09/09 | Australian Appeals Court Lifts Temporary Injunction Against Smith & Nephew Foam Dressing Kit| SAN ANTONIO--(BUSINESS WIRE)--Oct. 9, 2009--
Kinetic Concepts, Inc. (NYSE:KCI) announced today that the Full Court of
The Federal Court of Australia, Victoria District Registry has lifted a
temporary injunction in KCI’s patent litigation with Smith & Nephew
(LSE:SN) (NYSE:SNN). The temporary injunction, which was issued in June
2009, prohibited Smith & Nephew from selling foam dressing kits for
negative pressure wound therapy (NPWT) in ... |
| | | 10/07/09 | Kinetic Concepts, Inc. Announces Date of Its Third Quarter 2009 Earnings Release and Conference Call| SAN ANTONIO--(BUSINESS WIRE)--Oct. 7, 2009--
Kinetic Concepts, Inc. (NYSE:KCI) today announced that it will
report its third quarter 2009 financial results on Wednesday, October
21, 2009, at 6:00 a.m. EDT. The company’s senior management team will
also host an investor conference call to discuss third quarter results
along with current business trends on Wednesday, October 21, 2009, at
8:30 a.m. EDT.
To access the conference ca... |
| | | 09/30/09 | KCI Highlights ABThera(TM) Open Abdomen Negative Pressure Therapy System at American Association for the Surgery of Trauma Conference Symposium|
Company Also Introduces New U.S. Open Abdomen Management System
Clinical Guidelines
SAN ANTONIO--(BUSINESS WIRE)--Sep. 30, 2009--
Kinetic
Concepts, Inc. (NYSE: KCI) will highlight the latest addition to the
KCI Negative Pressure Technology Platform (NPTP), the ABThera™ Open
Abdomen Negative Pressure Therapy System (the ABThera OA NPT System),
during a symposium sponsored by the Company on October 2nd at
the 68th Annual M... |
| | | 09/25/09 | Diabetes Foot Specialists Say Cost-Effective Wound Therapy Underused Due to Healthcare Reimbursement Incentives|
Urge team approach to improve care, speed healing and prevent
amputations
Experts attend Georgetown Diabetic Limb Salvage conference Sept. 24-26
WHAT: Every 30 seconds, across the globe an individual loses a
limb due to poor diabetes management. In the U.S., diabetes affects
nearly 24 million people. When poorly controlled, diabetes results in
nerve damage and poor circulation to the legs and feet. When this
o... |
| | | 09/18/09 | KCI Sponsors Georgetown Diabetic Limb Salvage Conference Symposium Featuring Top Limb Preservation Experts| SAN ANTONIO--(BUSINESS WIRE)--Sep. 18, 2009--
Kinetic Concepts, Inc. (KCI) will sponsor a CME-accredited panel
discussion, “The Role of NPWT in the Team Approach to Limb Salvage: Case
Studies,” at the 3rd Annual Georgetown Diabetic Limb Salvage
conference September 24-26. At the symposium, experts from among the
largest and most renowned limb preservation centers across the United
States will host a panel discussion on the interaction of specialists
... |
| | | 09/08/09 | KCI Announces Expected Regulatory Approval to Enter Japan Market| SAN ANTONIO--(BUSINESS WIRE)--Sep. 8, 2009--
Kinetic Concepts, Inc. (NYSE: KCI) announced today that it has
been informed by the Pharmaceutical and Medical Devices Agency (PMDA) in
Japan that in October the Ministry of Health, Labor and Welfare (MHLW)
will grant regulatory approval for KCI to begin market development
activities in Japan for its innovative V.A.C.® Therapy product.
“This is exciting news for the medical community and pa... |
| | | 08/28/09 | Kinetic Concepts, Inc. to Participate in the Thomas Weisel Partners Healthcare Conference 2009| SAN ANTONIO--(BUSINESS WIRE)--Aug. 28, 2009--
Kinetic Concepts, Inc. (NYSE:KCI) today announced that Catherine Burzik,
President and Chief Executive Officer, will present at the Thomas Weisel
Partners Healthcare Conference 2009 at the Four Seasons Hotel in Boston,
Massachusetts.
Mrs. Burzik will address conference attendees on Thursday, September 10,
2009, at 10:55 a.m. EDT and will discuss plans for the company’s
innovative te... |
| | | 08/04/09 | KCI Launches Innovative ABThera(TM) Open Abdomen Negative Pressure Therapy System to Help Manage Patients with Severe Conditions| Launch Introduces Easy-to-Use System That Assists Surgeons in Achieving Primary Fascial Closure
SAN ANTONIO--(BUSINESS WIRE)--Aug. 4, 2009--
Kinetic
Concepts, Inc. (NYSE: KCI), today announced the official
launch of ABThera™ open abdomen negative pressure therapy system, the
latest addition to its Negative Pressure Technology Platform (NPTP).
ABThera addresses patient quality of life through an easy-to-use system
designed to assist surgeons in the m... |
| | | 07/24/09 | United States Patent and Trademark Office Confirms Validity of KCI Negative Pressure Wound Therapy Patents| SAN ANTONIO--(BUSINESS WIRE)--Jul. 24, 2009--
Kinetic Concepts, Inc. (NYSE: KCI) today announced that the U.S. Patent
and Trademark Office (USPTO) issued Office actions confirming the
validity of three separate patents licensed to KCI by Wake Forest
University Health Sciences in re-examination proceedings.
“The advanced wound care market represents a very competitive
environment,” said Stephen Seidel, KCI Executive Vice Presiden... |
| | | 07/21/09 | Kinetic Concepts Reports Second Quarter and First Half 2009 Financial Results| SAN ANTONIO--(BUSINESS WIRE)--Jul. 21, 2009--
Kinetic Concepts, Inc. (NYSE: KCI):
Second Quarter Highlights
- Worldwide V.A.C. Therapy revenue of $349.4 million, up 3% on a
constant currency basis
- North American V.A.C. Therapy revenue of $266.3 million
- Regenerative Medicine revenue of $71.1 million, up 22% from the
prior-year period on a pro forma basis
- Worldwide Therapeutic Suppor... |
| | | 07/15/09 | KCI Appoints Michael Genau to New Global Leadership Position That Directs Expansion of Current Wound Therapy Division| SAN ANTONIO--(BUSINESS WIRE)--Jul. 15, 2009--
Kinetic Concepts, Inc. (NYSE: KCI) announced today that Michael Genau
has joined the Company in the newly formed position of Global President,
Wound Therapy. In this role, he will lead the Company’s current wound
therapy division, which will expand beyond its signature and highly
successful V.A.C.® Therapy product. As KCI builds this division over the
next several months, Genau’s role will exp... |
| | | 07/14/09 | KCI Announces Intention to Appeal UK Court Ruling Revoking NPWT Patent| SAN ANTONIO--(BUSINESS WIRE)--Jul. 14, 2009--
Kinetic Concepts, Inc. (NYSE: KCI) announced today that the Court of
Appeal of England and Wales has revoked a patent licensed to KCI from
Wake Forest University. The Court determined that the KCI patent (EP UK
0 620 720) covering the use of foam dressing kits with Negative Pressure
Wound Therapy (NPWT) systems is not valid and lifted a previously issued
injunction against Smith & Nephew (LSE: NS; NYS... |
| | | 07/13/09 | Department of Health (DH) highlights V.A.C.(R) Therapy As Having High Potential in Improving Community-Based Wound Care| KIDLINGTON, England--(BUSINESS WIRE)--Jul. 13, 2009--
Improving wound care in the community may be the fastest route to reach
some of Lord Darzi’s proposed quality improvements for the NHS. And
using KCI’s V.A.C.® (Vacuum Assisted Closure®)
Therapy System is being recommended as a key way to achieve this.
Latest guidance published by Lord Darzi’s team at the Department of
Health has highlighted community-based wound care, ... |
| | | 07/09/09 | Kinetic Concepts, Inc. Announces Date of its Second Quarter 2009 Earnings Release and Conference Call| SAN ANTONIO--(BUSINESS WIRE)--Jul. 9, 2009--
Kinetic Concepts, Inc. (NYSE:KCI), today announced that it will report
its second quarter 2009 financial results on Tuesday, July 21, 2009, at
6:00 a.m. EDT. The Company’s senior management team will also host an
investor conference call to discuss second quarter results along with
current business trends on Tuesday, July 21, 2009, at 8:30 a.m. EDT.
To access the conference call, domestic p... |
| | | 06/15/09 | Australia Court Issues Temporary Injunction Prohibiting Smith & Nephew from Selling Negative Pressure Wound Therapy Foam Dressing Kit| German version
SAN ANTONIO--(BUSINESS WIRE)--Jun. 15, 2009--
Kinetic Concepts, Inc. (NYSE: KCI) announced today that The Federal
Court of Australia, Victoria District Registry, issued a temporary
injunction prohibiting Smith & Nephew (LSE: SN; NYSE: SNN) from selling
foam dressing kits for negative pressure wound therapy in Australia
until the court can rule on the patent infringement action brought
against Smith & Nephew by KCI. Smith & Neph... |
| | | 05/20/09 | KCI and YHEC Launch Flexible New Evidence-based Tool to Help Hospitals Optimize Pressure Ulcer Treatment Strategies| HELSINKI, FINLAND -- May 20, 2009 — Kinetic Concepts, Inc. in conjunction with The York Health Economics Consortium (YHEC) will launch a new Budget Impact Model (BIM) for wound care surfaces at the European Wound Management Association (EWMA) Conference in Helsinki .
The economic modeling tool, which will be presented internationally for the first time by YHEC staff during the May 21st KCI symposium Pressure ulcer prevention: prevalence and incidence in context , helps centers determine cos... |
| | | 05/20/09 | KCI Announces European Launch of Innovative V.A.C.® Simplace™ Dressing and V.A.C. ® GranuFoam™ Bridge Dressing Products| HELSINKI , FINLAND -- May 20, 2009 — Kinetic Concepts, Inc. today announced the launch of two key new products into the European market: the V.A.C. ® GranuFoam™ Bridge Dressing and the V.A.C. ® Simplace™ Dressing.
“We're excited to be launching these innovative new products in the European market,” said TLV Kumar, KCI President EMEA. “Both products are specifically designed to facilitate easier application of KCI's V.A.C. ® Therapy System, which has been clinically proven to deliver faster a... |
| | | 05/19/09 | KCI Announces FDA Clearance of ABThera(TM) Open Abdomen Dressing| SAN ANTONIO--(BUSINESS WIRE)--May. 19, 2009--
Kinetic Concepts, Inc. (NYSE: KCI) announced today that it has received
510(k) clearance from the U.S. Food and Drug Administration (FDA) to
market its ABThera™ Open Abdomen Dressing. Earlier this year, the FDA
cleared the ABThera™ Open Abdomen Negative Pressure Therapy Unit.
Together, the ABThera™ Open Abdomen Negative Pressure Therapy System
will be indicated for temporary bridging of ... |
| | | 05/08/09 | Kinetic Concepts, Inc. to Present at the Bank of America and Merrill Lynch 2009 Health Care Conference| SAN ANTONIO--(BUSINESS WIRE)--May. 8, 2009--
Kinetic Concepts, Inc. (NYSE:KCI) today announced that Catherine Burzik,
President and Chief Executive Officer, will present at the Bank of
America and Merrill Lynch 2009 Health Care Conference in New York.
Mrs. Burzik will address conference attendees on Tuesday, May 12, 2009,
at 10:00 a.m. EDT (9:00 a.m. CDT) and will discuss plans for the
company’s innovative technology, company performa... |
| | | 05/01/09 | KCI Announces That UK Court Extends Injunction Against Smith & Nephew| SAN ANTONIO--(BUSINESS WIRE)--May. 1, 2009--
Kinetic Concepts, Inc. (NYSE:KCI) announced today that the specialist
Patents Court of the High Court of England and Wales has entered its
written judgment following the recent trial in the patent enforcement
case against Smith & Nephew. After considering the prior art presented
at trial, the Court determined that important claims in the KCI patent
covering the use of foam dressing kits with NPWT syste... |
| | | 04/23/09 | Clinical Studies Supporting KCI’s Proprietary V.A.C.® Therapy System| SAN ANTONIO, TX -- April 23, 2009 -- Kinetic Concepts, Inc. today announced that oral and poster presentations supporting the use of its V.A.C.® Therapy will be given at the 22nd Symposium on Advanced Wound Care/Wound Healing Society Meeting, April 26-29 in Dallas.
Two studies were accepted for oral presentation, with one ranking third among the top three selected for oral presentation at the symposium.
This study, reporting the healthcare utilization, hospitalization and surgical pro... |
| | | 04/21/09 | Kinetic Concepts Reports First Quarter 2009 Financial Results| SAN ANTONIO--(BUSINESS WIRE)--Apr. 21, 2009--
Kinetic Concepts, Inc. (NYSE: KCI):
First Quarter Highlights
Worldwide V.A.C. Therapy Revenue Was $329.3 Million, up 4% on a
Constant Currency Basis
U.S. V.A.C. Unit Volume up 6%, Revenue up 3%
Regenerative Medicine Revenue Was $66.2 Million, up 22% from
LifeCell’s Reported Revenue in the Prior-Year Period
Wo... |
| | | 04/13/09 | KCI Issues Statement Regarding AHRQ Draft Report| SAN ANTONIO, Texas, Apr 13, 2009 (BUSINESS WIRE) -- In response to a draft report issued April 10, 2009 by the Agency for
Healthcare Research and Quality (AHRQ), Kinetic Concepts, Inc.
(NYSE:KCI) is issuing the following statement regarding the results of
AHRQ's technical assessment. This assessment was conducted on negative
pressure wound therapy (NPWT) devices reimbursed by the Centers for
Medicare and Medicaid Services (CMS).
While affirming in its r... |
| | | 04/09/09 | Kinetic Concepts, Inc. Announces Date of its First Quarter 2009 Earnings Release and Conference Call| SAN ANTONIO, Apr 09, 2009 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI), today announced that it will report
its first quarter 2009 financial results on Tuesday, April 21, 2009, at
6:30 a.m. EDT. The Company's senior management team will also host an
investor conference call to discuss first quarter results along with
current business trends on Tuesday, April 21, 2009, at 8:30 a.m. EDT.
To access the conference call, domestic participants may dial
... |
| | | 04/03/09 | KCI and Carroll Hospital Group Inc. Partner to Help Prevent Pressure Ulcers and Reduce Patient Falls| SAN ANTONIO, Apr 03, 2009 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI) today announced an exclusive
partnership with Carroll Hospital Group Inc. designed to improve the
overall safety of patients.
The partnership combines Carroll Hospital Group Inc.'s newest
medical-surgical bed, Spirit Select(TM), with KCI's broad mattress
replacement portfolio, which includes multiple products that provide
superior skin management for pressure ulcers. This comb... |
| | | 03/30/09 | KCI Announces Plans to Optimize Operations| SAN ANTONIO--(BUSINESS WIRE)--Mar. 30, 2009--
Kinetic Concepts, Inc. (NYSE:KCI) announced today cost reduction
initiatives to improve the company’s cost structure and maximize its
growth potential. The initiatives will enhance the company’s potential
to increase shareholder value and improve operational efficiency and
effectiveness by streamlining its organizational structure and workforce
and evaluating expenditures.
... |
| | | 03/19/09 | Symposium Supporting KCI’s Proprietary V.A.C.® Therapy System for Diabetic Foot Treatment to be Presented at DFCon| SAN ANTONIO , TX – March 19, 2009 – A symposium about the multidisciplinary treatment of the diabetic foot will be presented at the 2009 Diabetic Foot Global Conference (DFCon) held March 19-21, 2009 in Los Angeles .
Supported by an unrestricted grant from Kinetic Concepts, Inc., the symposium, “The Multidisciplinary Art of Limb Preservation and its Economic Benefits for the Complicated Diabetic Foot,” will take place Thursday, March 19, 12:15 p.m. – 1:15 p.m. PST.
The symposium will fe... |
| | | 03/19/09 | KCI Unveils Diabetic Foot Ulcer Campaign| New Dressings, Website Focus on Debilitating Diabetes Complication
SAN ANTONIO, TX – March 19, 2009 – Kinetic Concepts, Inc. (KCI) today unveiled its U.S. campaign to educate clinicians and patients about effective management of diabetic foot wounds with the use of KCI's proprietary V.A.C. ® Therapy system. The campaign was launched at the Diabetic Foot Global Conference (DFCon) that begins today in Los Angeles .
In the U.S. , 23.6 million people suffer from diabetes.1 Foot wounds can ... |
| | | 03/17/09 | KCI Announces it will Appeal German Patent Ruling| SAN ANTONIO--(BUSINESS WIRE)--Mar. 17, 2009--
Kinetic Concepts, Inc. (NYSE:KCI) announced today that the German
Federal Patent Court has ruled that a German patent licensed to KCI from
Wake Forest related to KCI’s V.A.C.® technology is invalid.
The validity of the German patent (EP 0620720 (DE 69224847)) is being
challenged by Medela, Mölnlycke Health Care AB, and Smith & Nephew plc.
The decision is not final and KCI and Wake Forest intend ... |
| | | 03/09/09 | KCI Introduces new V.A.C.(R) GranuFoam(TM) Bridge Dressing| SAN ANTONIO--(BUSINESS WIRE)--Mar. 9, 2009--
Kinetic Concepts, Inc. (NYSE: KCI) announced today the U.S. market
launch of its new V.A.C.® GranuFoam™ Bridge Dressing, further
expanding the portfolio of dressings used in the treatment of chronic
wounds. This new dressing is expected to simplify application in chronic
wounds, especially Diabetic Foot Ulcers (DFUs) where it is compatible
with off-loading devices.
KCI’s V.A.C.... |
| | | 02/26/09 | International Pressure Ulcer Experts Present Guidelines for Performing Prevalence and Incidence Studies| SAN ANTONIO, TX – February 26, 2009 – Kinetic Concepts, Inc. (NYSE: KCI), today announced t he first comprehensive publication of international guidelines for performing prevalence and incidence studies on pressure ulcers (PUs), which will be introduced at the Biennial Conference of the National Pressure Ulcer Advisory Panel held February 27-28 in Washington, D.C.
The consensus document, International Guidelines – Pressure Ulcer Prevention: Prevalence and Incidence in Context, was developed b... |
| | | 02/23/09 | Kinetic Concepts, Inc. Announces Appointment of Two New Directors| SAN ANTONIO--(BUSINESS WIRE)--Feb. 23, 2009--
Kinetic Concepts, Inc. (NYSE: KCI), today announced that in accordance
with its By-Laws, the Board of Directors has increased the size of the
Board from ten directors to eleven, and has appointed Mr. Craig R.
Callen and Dr. Carl F. Kohrt to serve as directors. Mr. Callen will
serve as a member of the Board’s Nominating and Governance Committee and
Dr. Kohrt will serve on the Compensation and Technology Co... |
| | | 02/02/09 | KCI Announces That Court of Appeals Affirms Lower Court Ruling, Including Validity of NPWT Patents| SAN ANTONIO--(BUSINESS WIRE)--
Kinetic Concepts, Inc. (NYSE: KCI) announced today that the U.S. Court
of Appeals for the Federal Circuit has upheld the validity of the two
Wake Forest patents involved in the litigation against BlueSky Medical
Group, Inc., Medela AG, and Medela, Inc. The Court also upheld the jury
finding that the patent claims involved in the case are not infringed by
the gauze-based Versatile 1 system marketed by BlueSky, which was
... |
| | | 01/27/09 | Kinetic Concepts Reports Fourth Quarter and Full Year Financial Results For 2008| SAN ANTONIO--(BUSINESS WIRE)--Jan. 27, 2009--Kinetic Concepts, Inc. (NYSE: KCI):
Fourth Quarter Highlights
Total revenue increased 14% to $492.5 million, including $68.0 million
of LifeCell revenue
Net earnings were $52.1 million compared to $66.5 million one year ago
Net earnings per diluted share were $0.74 compared to $0.92 one year
ago
LifeCell acquisition-related costs and expenses reduced net earnings
... |
| | | 01/14/09 | Kinetic Concepts, Inc. Announces Date of its Fourth Quarter and Year-End 2008 Earnings Release and Conference Call| SAN ANTONIO--(BUSINESS WIRE)--Jan. 14, 2009--Kinetic Concepts, Inc. (NYSE: KCI), today announced that it will report
its fourth quarter and year-end 2008 financial results on Tuesday,
January 27, 2009, at 6:30 a.m. EST. The Company's senior management team
will also host an investor conference call to discuss fourth quarter and
year-end results along with current business trends on Tuesday, January
27, 2009, at 8:30 a.m. EST.
To access the co... |
| | | 01/13/09 | KCI Obtains Temporary Injunction in the United Kingdom Against Smith & Nephew Foam Dressing Kit| SAN ANTONIO--(BUSINESS WIRE)--Jan. 13, 2009--Kinetic Concepts, Inc. (NYSE:KCI) announced today that a temporary
injunction against Smith & Nephew has been granted by the Specialist
Patents Court in the High Court of Justice of England and Wales. The
temporary injunction prohibits Smith & Nephew from commercializing foam
dressing kits for negative pressure wound therapy in the United Kingdom
until such time as the court can rule on the patent infringement ac... |
| | | 01/06/09 | Kinetic Concepts, Inc. to Present at the 27th Annual JPMorgan Healthcare Conference| SAN ANTONIO, Jan 06, 2009 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI) today announced that Catherine Burzik,
President and Chief Executive Officer, will present at the 27th
Annual JPMorgan Healthcare Conference in San Francisco.
Mrs. Burzik will address conference attendees on Monday, January 12,
2009, at 11 a.m. PT (2 p.m. ET) and will discuss plans for the company's
innovative technology, company performance, as well as strategies for
continued... |
| | | 12/18/08 | KCI Files Patent Infringement Suit Against Convatec and Boehringer| SAN ANTONIO--(BUSINESS WIRE)--Dec. 18, 2008--Kinetic Concepts, Inc. (NYSE: KCI), announced today that, together with
Wake Forest University Health Sciences, it has filed a patent
infringement suit against Convatec Inc., Boehringer Wound Systems, LLC
and Boehringer Technologies, L.P. in Federal District Court in the
Middle District of North Carolina. KCI filed the lawsuit against
Convatec and Boehringer for the commercialization of the Engenex
negativ... |
| | | 12/15/08 | KCI Introduces its New V.A.C.(R) Simplace(TM) Dressing Featuring V.A.C.(R) GranuFoam(TM) and 3M(TM) Tegaderm(TM) Dressings| SAN ANTONIO--(BUSINESS WIRE)--Dec. 15, 2008--Kinetic Concepts, Inc. (NYSE: KCI) today announced the launch of its new
V.A.C.(R) Simplace(TM) Dressing that features both a newly
designed V.A.C. (R) GranuFoam(TM) Dressing and a 3M(TM) Tegaderm(TM)
Dressing designed exclusively for use with KCI's proprietary V.A.C.(R)
Therapy System. The innovative design of the new V.A.C. Simplace
Dressings is a direct result of extensive "voice of the customer"
feedba... |
| | | 12/11/08 | KCI Files New Patent Infringement Claims Against Smith & Nephew| SAN ANTONIO--(BUSINESS WIRE)--Dec. 11, 2008--Kinetic Concepts, Inc. (NYSE: KCI), announced today that, together with
Wake Forest University Health Sciences, it has filed additional patent
infringement claims against Smith & Nephew in the ongoing patent lawsuit
in Federal District Court in San Antonio, Texas. KCI filed the new
infringement claims against Smith & Nephew for the commercialization of
a negative pressure wound therapy foam dressing kit. ... |
| | | 11/25/08 | KCI's LifeCell Granted CE Mark for its Strattice(R) Reconstructive Tissue Matrix| SAN ANTONIO, Nov 25, 2008 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI) today announced its subsidiary
LifeCell has been granted CE Mark approval by the Netherlands-based
notified body, KEMA, for its Strattice(R) Reconstructive
Tissue Matrix. The CE Mark allows KCI to begin marketing Strattice in
all 27 European Union member (EU) states. Strattice received 510(k)
clearance from the U.S. Food and Drug Administration (FDA) in June 2007
and ha... |
| | | 11/24/08 | Kinetic Concepts, Inc. to Present at the Piper Jaffray 20th Annual Health Care Conference| SAN ANTONIO, Nov 24, 2008 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI) today announced that it will present
at the Piper Jaffray 20th Annual Health Care Conference on
Tuesday, December 2, 2008 in New York.
Rich Cockrell, Vice President, Investor Relations, will provide a
company presentation to conference attendees at 10:00 AM EST. A live and
archived audio webcast of the presentation will be available for 90 days
on KCI's Investor Relations websi... |
| | | 10/31/08 | Kinetic Concepts, Inc. to Present at the Oppenheimer 19th Annual Healthcare Conference| SAN ANTONIO--(BUSINESS WIRE)--Oct. 31, 2008--Kinetic Concepts,
Inc. (NYSE:KCI) today announced that it will present at the
Oppenheimer 19th Annual Healthcare Conference on Tuesday, November 4,
2008 in New York.
Rich Cockrell, Vice President, Investor Relations, will provide a
company presentation to conference attendees at 12:40 p.m. EST. A live
and archived webcast of the presentation will be available for 90 days
on KCI's Investor Relations website at http://www.kci1.com/investo... |
| | | 10/22/08 | KCI Board of Directors Authorizes $100 Million Share Repurchase Program| SAN ANTONIO--(BUSINESS WIRE)--Kinetic Concepts, Inc. (NYSE:KCI) today announced that its Board
of Directors has authorized an investment of up to $100 million for
the repurchase of its common stock as part of a new share buyback
program through the third quarter of 2009. KCI intends to
opportunistically purchase the common stock in open market
transactions or in negotiated transactions.
About KCI
Kinetic Concepts, Inc. (NYSE: KCI) is a leading global medical
technology compan... |
| | | 10/22/08 | Kinetic Concepts Reports Financial Results For Third Quarter and First Nine Months of 2008| Quarterly Revenue Sets New High Exceeding $500 Million
SAN ANTONIO--(BUSINESS WIRE)--Kinetic Concepts, Inc. (NYSE: KCI):
Third Quarter Highlights
Total revenue increased 22% to $503.3 million, including $61.2
million of LifeCell revenue
Net earnings decreased 4% to $56.6 million
Net earnings per diluted share decreased 5% to $0.78
Non-GAAP net earnings, excluding certain non-cash
acquisition-related expenses, increased 17% to $69.2 mi... |
| | | 10/14/08 | KCI Receives FDA Clearance for its LifeCell Tissue Matrix for the Management of Wounds Utilizing Proprietary Strattice(R) Technology| SAN ANTONIO--(BUSINESS WIRE)--Kinetic Concepts, Inc. (NYSE: KCI) today announced that it has
received FDA 510(k) clearance for its LifeCell Tissue Matrix for the
management of chronic, trauma, surgical and other acute wounds. The
product utilizes the company's proprietary Strattice(R) technology,
which is a sterile reconstructive tissue matrix that supports tissue
regeneration.
The Strattice technology is a porcine-based, acellular dermal
matrix that acts as a scaffold that is rev... |
| | | 10/08/08 | Kinetic Concepts, Inc. Announces Date of its Third Quarter 2008 Earnings Release and Conference Call| SAN ANTONIO, Oct 08, 2008 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI), today announced that it will report
its third quarter 2008 financial results on Wednesday, October 22, 2008,
at 6:30 a.m. EDT. The Company's senior
management team will also host an investor conference call to discuss
third quarter results and current business trends on Wednesday, October
22, 2008, at 8:30 a.m. EDT.
To access the conference call, domestic participants may dial... |
| | | 08/27/08 | KCI Names New President of its LifeCell Regenerative Medicine Business| SAN ANTONIO--(BUSINESS WIRE)--Aug. 27, 2008--Kinetic Concepts,
Inc. (NYSE: KCI) announced today that it has named Lisa Colleran as
President of its LifeCell business and a member of KCI's Executive
Committee. Colleran previously served as Senior Vice President of
Commercial Operations for LifeCell with responsibility for Sales and
Marketing, surgeon education, new product launches, Business
Development, as well as leading the company's Tissue Services
organization.
"As head of Li... |
| | | 07/29/08 | KCI Announces Agreement with 3M Health Care| 3M to Supply Special Tegaderm(TM) Brand Transparent Film Dressings for Use Exclusively with V.A.C.(R) Therapy
SAN ANTONIO--(BUSINESS WIRE)--July 29, 2008--Kinetic Concepts,
Inc. (NYSE: KCI) today announced that it has entered into an agreement
with 3M Health Care for the supply of 3M(TM) Tegaderm(TM) brand
transparent film dressings for inclusion in KCI kits with KCI's
V.A.C.(R) Therapy System in the treatment of complex, hard-to-heal
wounds. The newly-designed 3M(TM) Tegaderm(TM) ... |
| | | 07/24/08 | Kinetic Concepts Reports Second Quarter and First Half 2008 Financial Results| SAN ANTONIO--(BUSINESS WIRE)--July 24, 2008--Kinetic Concepts,
Inc. (NYSE:KCI) today reported second quarter 2008 total revenue of
$462.1 million, an increase of 17% from the second quarter of 2007.
Total revenue for the first half of 2008 was $882.1 million, a 15%
increase from the prior-year period. Foreign currency exchange
movements favorably impacted total revenue for the second quarter and
first six months of 2008 by 4% compared to the corresponding periods
of the prior year.
... |
| | | 07/15/08 | KCI's V.A.C.(R) Therapy Remains Available for Medicare Patients in the Home|
New Law Delays Competitive Bidding
KCI's V.A.C.(R) Therapy Exempt from Round One
SAN ANTONIO--(BUSINESS WIRE)--July 15, 2008--Kinetic Concepts,
Inc. (NYSE: KCI) today announced that V.A.C.(R) Therapy will remain
available for Medicare patients in the home as a result of the
Medicare Improvements for Patients and Providers Act of 2008, which
was enacted into law by Congress on July 15, 2008. The Act delays and
significantly modifies the Competitive Bidding Prog... |
| | | 07/11/08 | Kinetic Concepts, Inc. Announces Date of its Second Quarter 2008 Earnings Release and Conference Call| SAN ANTONIO, Texas--(BUSINESS WIRE)--July 11, 2008--Kinetic
Concepts, Inc. (NYSE:KCI), today announced that it will report its
second quarter 2008 financial results on Thursday, July 24, 2008, at
6:30 a.m. EDT. The Company's senior management team will also host an
investor conference call to discuss second quarter results and current
business trends on Thursday, July 24, 2008, at 8:30 a.m. EDT.
To access the conference call, domestic participants may dial
888-313-5249 at least 10... |
| | | 06/30/08 | V.A.C.(R) Therapy Clinical Study in Japan Shows Significant Efficacy in the Treatment of Acute Wounds| SAN ANTONIO--(BUSINESS WIRE)--June 30, 2008--Kinetic Concepts,
Inc. (NYSE: KCI) announced today that it is another step closer to
introducing its V.A.C.(R) Therapy wound care system in Japan with the
completion of a two-phase clinical study designed to determine the
clinical efficacy, safety and utility of V.A.C. Therapy for wound
healing in that country. Results of the study, which compared the use
of V.A.C. Therapy to standard moist wound therapy for the treatment of
acute wounds, w... |
| | | 06/24/08 | Kinetic Concepts, Inc. to Present at the Jefferies 2nd Annual Healthcare Conference| SAN ANTONIO--(BUSINESS WIRE)--June 24, 2008--Kinetic Concepts,
Inc. (NYSE:KCI) today announced that it will present at the Jefferies
2nd Annual Healthcare Conference on Thursday, June 26, 2008 in New
York.
Martin J. Landon, Senior Vice President and Chief Financial
Officer, will provide a company presentation to conference attendees
at 9:30 a.m. EDT. A live and archived webcast of the presentation will
be available for 90 days on KCI's Investor Relations website at
http://www.kci... |
| | | 06/11/08 | Group of International Wound Care Experts Publishes Recommendations and Guidelines for Use of KCI's V.A.C.(R) Therapy for Six Wound Types|
Downloadable version
SAN ANTONIO--(BUSINESS WIRE)--June 11, 2008--The first
comprehensive publication of international best practices for the use
of KCI's V.A.C.(R) Therapy was introduced last week at the 3rd
Congress of the World Union of Wound Healing Societies (WUWHS) in
Toronto, Canada. The consensus document, Principles of Best Practice -
Vacuum Assisted Closure: Recommendations for Use, A Consensus
Document, was developed by an international expert working group to
pr... |
| | | 06/05/08 | Kinetic Concepts, Inc. to Present at the Needham 7th Annual Biotechnology & Medical Technology Conference| SAN ANTONIO--(BUSINESS WIRE)--June 5, 2008--Kinetic Concepts, Inc.
(NYSE:KCI) today announced that it will present at the Needham 7th
Annual Biotechnology & Medical Technology Conference on June 12, 2008
at the New York Palace Hotel in New York, NY.
Linwood "Woody" Staub, President, Global V.A.C. Therapy, will
provide a company presentation to conference attendees at 2:00 p.m.
EDT. A live and archived webcast of the presentation will be available
for 90 days on KCI's Investor Rela... |
| | | 05/27/08 | Kinetic Concepts, Inc. Completes Acquisition of LifeCell Corporation|
Downloadable version
Subsequent Offering Period Expires; Short-Form Merger Consummated
SAN ANTONIO, Texas, May 27, 2008 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI) announced today that it has
completed its acquisition of LifeCell Corporation pursuant to the
merger of Leopard Acquisition Sub, Inc., a wholly-owned subsidiary of
KCI, with and into LifeCell. LifeCell, as the surviving corporation in
the merger, is now a direct, wholly-owned subsidiary of KCI. KCI
previous... |
| | | 05/20/08 | Kinetic Concepts, Inc. LifeCell Acquisition Update Conference Call| SAN ANTONIO--(BUSINESS WIRE)--May 20, 2008--Kinetic Concepts, Inc.
(NYSE: KCI) today announced that it will hold a conference call to
update investors on the completion of the initial tender offer for the
outstanding shares of common stock of LifeCell Corporation. The call
will be at 8:30 a.m. EDT on Thursday, May 22, 2008.
Dial-in numbers for this conference call are as follows:
Domestic: 866-383-8108
International: +617-597-5343
... |
| | | 05/19/08 | Kinetic Concepts, Inc. Completes Initial Tender Offer for Shares of LifeCell Corporation|
Downloadable version
More Than 91% of LifeCell Common Stock Tendered; Subsequent Offering Period Announced
SAN ANTONIO--(BUSINESS WIRE)--May 19, 2008--Kinetic Concepts, Inc.
(NYSE: KCI) announced today that it has completed its initial tender
offer for the outstanding shares of common stock of LifeCell
Corporation (NASDAQ: LIFC). More than 91% of the outstanding shares of
common stock of LifeCell have been tendered, making LifeCell a
majority owned subsidiary of KCI.
... |
| | | 05/15/08 | KCI Announces It Will Not Participate in Round One of CMS Competitive Bidding Program|
Downloadable version
SAN ANTONIO--(BUSINESS WIRE)--May 15, 2008--Kinetic Concepts, Inc.
(NYSE: KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic support systems,
today announced that it will not be a contracted negative pressure
wound therapy (NPWT) supplier in phase one of the competitive bidding
program administered by the Centers for Medicare and Medicaid Services
(CMS). The program covers Medicare home placements i... |
| | | 05/13/08 | KCI's Therapeutic Support Systems Business Announces Agreement with The MED Group|
Downloadable version
SAN ANTONIO, May 13, 2008 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI), a global medical technology
company with leadership positions in advanced wound care and
therapeutic support systems, today announced that it has entered into
a three-year agreement with The MED Group, a nationwide network of
independently-owned home medical equipment (HME), respiratory and
mobility companies. Under the terms of the agreement, The MED Group,
which has more t... |
| | | 05/02/08 | Kinetic Concepts, Inc. to Present at the Deutsche Bank 33rd Annual Health Care Conference| SAN ANTONIO, May 02, 2008 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI) today announced that it will
present at the Deutsche Bank 33rd Annual Health Care Conference on
Monday, May 5, 2008, at the InterContinental Boston hotel.
Martin J. Landon, Sr. Vice President and Chief Financial Officer,
will present at 12:40 p.m. EDT. A live and archived audio web cast of
the presentation will be available for 90 days on KCI's Investor
Relations website at http://www.kci1.com/investor or may be... |
| | | 05/02/08 | Kinetic Concepts, Inc. Closes Private Sale of Convertible Senior Notes Due 2015 Pursuant to Full Exercise of Over-Allotment Option|
Downloadable version
SAN ANTONIO--(BUSINESS WIRE)--May 2, 2008--Kinetic Concepts, Inc.
(NYSE:KCI) today announced the closing of the private sale of an
additional $90 million aggregate principal amount of its 3.25%
convertible senior notes due 2015 pursuant to the exercise in full of
the over-allotment option granted to the initial purchases of the
notes. This brings the total amount of the notes issued to $690
million.
The coupon on the notes is 3.25% per year ... |
| | | 04/22/08 | Kinetic Concepts Reports First Quarter 2008 Financial Results|
Downloadable version
SAN ANTONIO, Apr 22, 2008 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI):
First Quarter Highlights
Net earnings were $68.0 million, an increase of 27% from $53.6
million in the prior-year period
Net earnings per diluted share were $0.94, an increase of 25%
from $0.75 in the prior-year period
Total revenue increased 14% to $420.0 million from $368.8
million in the prior-year period
Kinetic Concepts, Inc. (NY... |
| | | 04/21/08 | KCI Commences Tender Offer for All Outstanding Shares of LifeCell Corporation for $51.00 per Share in Cash|
Downloadable version
SAN ANTONIO & BRANCHBURG, N.J., Apr 21, 2008 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI) and LifeCell Corporation
(Nasdaq: LIFC) today announced the commencement of the tender offer by
Leopard Acquisition Sub, Inc., a wholly-owned subsidiary of Kinetic
Concepts, Inc., for all outstanding shares of LifeCell common stock at
a price of $51.00 per share, net to the seller in cash. The tender
offer is being made pursuant to an Offer to Purchase, date... |
| | | 04/16/08 | Kinetic Concepts, Inc. Prices Convertible Notes|
Downloadable version
SAN ANTONIO--(BUSINESS WIRE)--April 16, 2008--Kinetic Concepts,
Inc. (NYSE: KCI) today announced the pricing of its offering of $600
million aggregate principal amount of 3.25% convertible senior notes
due 2015. KCI has also granted an option to the initial purchasers of
the notes to purchase up to an additional $90 million aggregate
principal amount of notes to cover over-allotments.
-- The coupon on the notes will be 3.25% per year on the
... |
| | | 04/15/08 | Kinetic Concepts, Inc. to Offer Convertible Notes|
Downloadable version
SAN ANTONIO, Texas--(BUSINESS WIRE)--April 15, 2008--Kinetic
Concepts, Inc. (NYSE: KCI) today announced that it is planning to
offer $600 million aggregate principal amount of convertible senior
notes due 2015, subject to market and other customary conditions. KCI
may sell up to an additional $90 million aggregate principal amount of
notes upon exercise of an over-allotment option that KCI expects to
grant to the initial purchasers in connection with the... |
| | | 04/14/08 | Kinetic Concepts, Inc. 1st Quarter 2008 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--April 14, 2008--Kinetic Concepts,
Inc. (NYSE: KCI), today announced that it will report its first
quarter 2008 financial results at 6:30 a.m. EDT on Tuesday, April 22,
2008. Management will then hold a conference call to discuss the
results, at 8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(866-356-3377), International (+617-597-5392), Participant Code --
20816919. This call is being web cast by Thomson and can b... |
| | | 04/07/08 | KCI to Acquire LifeCell for $1.7 Billion in Cash Creating a Global Medical Technology Leader|
Downloadable version
SAN ANTONIO & BRANCHBURG, N.J., Apr 07, 2008 (BUSINESS WIRE) -- Acquisition Highlights:
Combination establishes leading platform in rapidly growing
biosurgery market
Acquisition of new growth platform represents significant
diversification and expansion of KCI's business portfolio and
long-term revenue and earnings growth
Combines two market leaders with complementary, best-in-class
technologies and advances KCI's ... |
| | | 02/29/08 | Kinetic Concepts, Inc. to Present at the Raymond James 29th Annual Institutional Investors Conference| SAN ANTONIO, Feb 29, 2008 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI) today announced that the Company
will present at the Raymond James 29th Annual Institutional Investors
Conference on Monday, March 3, 2008, at the Hyatt Regency Grand
Cypress in Orlando, Florida.
Martin J. Landon, Sr. Vice President and Chief Financial Officer,
will speak to the conference attendees at 7:30 a.m. EST; 6:30 a.m.
CST. A live and archived audio webcast of the presentation will be
available for 30 d... |
| | | 02/14/08 | KCI Announces Plans to Strengthen its Therapeutic Surfaces Business| Company Establishes Dedicated Sales Force, Appoints Global President, and Renames Unit
SAN ANTONIO--(BUSINESS WIRE)--Feb. 14, 2008--As part of its
ongoing commitment to gain profitable market share in its Therapeutic
Surfaces business, Kinetic Concepts, Inc. (NYSE: KCI) announced that
it has established a dedicated sales force in the U.S. that will focus
solely on the company's therapeutic support systems which help to
manage pressure ulcers, as well as specialty hospital beds that... |
| | | 02/11/08 | Final Study Results Show V.A.C.(R) Therapy to be More Efficacious Than Advanced Moist Wound Therapy in Treating Diabetic Foot Ulcers|
Downloadable version
Results to be Published in ADA Journal Diabetes Care
SAN ANTONIO--(BUSINESS WIRE)--Feb. 11, 2008--Kinetic Concepts,
Inc. (NYSE:KCI) today announced the final efficacy results of a
randomized controlled clinical trial (RCT) on the clinical efficacy of
KCI's V.A.C.(R) System negative pressure wound therapy (NPWT) compared
to advanced moist wound therapy (AMWT) to treat diabetic patients with
foot ulcers. The study, which showed that V.A.C. Therapy is... |
| | | 02/05/08 | KCI Announces Achievement of German Homecare Reimbursement Milestone for Its Proprietary V.A.C.(R) Therapy System|
Downloadable version
SAN ANTONIO--(BUSINESS WIRE)--Feb. 5, 2008--Kinetic Concepts, Inc.
(NYSE:KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic support systems,
today announced a milestone toward broadening homecare reimbursement
in Germany for its proprietary V.A.C.(R) Therapy System.
The German Ministry of Health has now approved a maximum
three-year study period, including paid placements, to assess the
clini... |
| | | 02/01/08 | Kinetic Concepts, Inc. to Present at the Merrill Lynch Global Pharmaceutical, Biotechnology & Medical Device Conference| SAN ANTONIO--(BUSINESS WIRE)--Feb. 1, 2008--Kinetic Concepts, Inc.
(NYSE:KCI) today announced that the Company will present at the
Merrill Lynch Global Pharmaceutical, Biotechnology and Medical Device
Conference on Tuesday, February 5, 2008, at The Grand Hyatt Hotel in
New York.
Catherine Burzik, President and Chief Executive Officer, will
speak to the conference attendees at 11:40 a.m. EST; 10:40 a.m. CST. A
live and archived audio webcast of the presentation will be available
f... |
| | | 02/01/08 | KCI Introduces AtmosAir(R) V-series Mattress Replacement System for the Prevention of Pressure Ulcers|
Downloadable version
SAN ANTONIO--(BUSINESS WIRE)--Feb. 1, 2008--Kinetic Concepts, Inc.
(NYSE: KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced the introduction of a new mattress replacement system (MRS),
the AtmosAir(R) V-series MRS, designed to assist hospitals in the
prevention and treatment of pressure ulcers. The V-series MRS enhances
the AtmosAir family of surfaces, which already acco... |
| | | 01/29/08 | Kinetic Concepts Reports Fourth Quarter and Full Year Financial Results for 2007|
Downloadable version
Fourth Quarter Highlights
Net earnings increased 30% to $66.5 million
Net earnings per diluted share increased 26% to $0.92
Total revenue increased 17% to $433.6 million
Research and development expenses increased 58% to $18.3
million
Full-Year Highlights
Net earnings increased 21% to $237.1 million
Net earnings per diluted share increased 23% to $3.31
Total revenue increased 17% to $... |
| | | 01/15/08 | Kinetic Concepts, Inc. Announces 4th Quarter/Year-End 2007 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--Jan. 15, 2008--Kinetic Concepts,
Inc. (NYSE:KCI), today announced that it will report its fourth
quarter and year-end 2007 financial results at 6:30 a.m. ET on
Tuesday, January 29, 2008. Management will then hold a conference call
to discuss the results, at 8:30 a.m. ET on the same day.
Dial-in numbers for this conference call are Domestic
(800-798-2801), International (+617-614-6205), Participant Code -
34471997. This call is being webcast by Thomson... |
| | | 01/10/08 | KCI and Wake Forest File Federal Patent Lawsuit Against Innovative Therapies, Inc.|
Downloadable version
SAN ANTONIO--(BUSINESS WIRE)--Jan. 10, 2008--Kinetic Concepts,
Inc. (NYSE: KCI) today announced that, together with Wake Forest
University Health Sciences, it has filed a patent infringement lawsuit
against Innovative Therapies, Inc. (ITI) in the U.S. District Court
for the Middle District of North Carolina. The federal complaint
alleges that a negative pressure wound therapy device recently
introduced by ITI infringes three Wake Forest patents which a... |
| | | 01/07/08 | KCI Focuses on Growing its Business in Asia Pacific with the Creation of a New Regional President Role|
Downloadable version
SAN ANTONIO--(BUSINESS WIRE)--Jan. 7, 2008--Kinetic Concepts, Inc.
(NYSE:KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic services, today
announced the appointment of Patrick Loh to the newly-created position
of President - Asia Pacific and member of the KCI Executive Committee.
In this role, Loh will report directly to Catherine Burzik, President
and CEO, and will be responsible for developing ... |
| | | 01/03/08 | Kinetic Concepts, Inc. (KCI) CEO to Present at 26th Annual JPMorgan Healthcare Conference| SAN ANTONIO--(BUSINESS WIRE)--Jan. 3, 2008--Kinetic Concepts, Inc.
(NYSE:KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced that Catherine Burzik, President and CEO, will present at
the 26th Annual JPMorgan Healthcare Conference in San Francisco.
Burzik will address conference attendees on Monday, January 7,
2008, at 8 a.m. PT (11 a.m. ET) and will discuss plans for the
company's innovative technolog... |
| | | 01/02/08 | Kinetic Concepts, Inc. Files Suit Against Innovative Therapies, Inc.|
Downloadable version
SAN ANTONIO, Jan 02, 2008 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI), a global medical technology
company with leadership positions in advanced wound care and
therapeutic surfaces, announced that today it has filed suit in state
District Court in Bexar County, Texas, against Innovative Therapies,
Inc. (ITI) and three of its principals, all of whom were former
employees of KCI. The claims in the suit include breach of
confidentiality agreements,... |
| | | 12/11/07 | Letter to the Editor of Barron’s | | | 11/29/07 | KCI Targets Further Global Expansion With the Appointment of New President for Europe, Middle East and Africa| SAN ANTONIO--(BUSINESS WIRE)--Nov. 29, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), a global medical technology company with leadership
positions in advanced wound-care and therapeutic services, today
announced the appointment of TLV Kumar to the newly created position
of President - Europe, Middle East and Africa (EMEA) and member of the
KCI Executive Committee. In this role, Kumar will report directly to
Catherine Burzik, President and CEO, and will be responsible for
developing and imp... |
| | | 11/08/07 | KCI is Added to the Standard & Poor's MidCap 400 Index| SAN ANTONIO--(BUSINESS WIRE)--Nov. 8, 2007--Kinetic Concepts, Inc.
(NYSE:KCI), a global medical technology company with leadership
positions in advanced wound-care and therapeutic surfaces, today
announced that it has been selected for inclusion in the Standard &
Poor's MidCap 400 Index. Companies are selected for the Index based on
market capitalization and earnings performance, among other factors.
The addition of KCI to the MidCap 400 was effective at the close of
trading on Tuesda... |
| | | 10/23/07 | Kinetic Concepts Reports Revenue and Earnings Growth for Third Quarter and First Nine Months of 2007|
Third Quarter Highlights
- Net earnings increased 21% to $59.0 million
- Net earnings per diluted share increased 22% to $0.82
- Total revenue increased 17% to $410.9 million
- Research and development expenses increased 20% to $11.0 million
First Nine Months Highlights
- Net earnings increased 18% to $170.7 million
- Net earnings per diluted share increased 21% to $2.39
- Total revenue increased 18% to $1.18 billion
- Research and development exp... |
| | | 10/10/07 | Kinetic Concepts, Inc. 3rd Quarter 2007 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--Oct. 10, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), today announced that it will report its third quarter
2007 financial results at 6:30 a.m. EDT on Tuesday, October 23, 2007.
Management will then hold a conference call to discuss the results, at
8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(866-356-4281), International (+617-597-5395), Participant Code -
14032263. This call is being webcast by Thomson and can b... |
| | | 09/19/07 | KCI Announces Manufacturing Investment in Ireland| SAN ANTONIO--(BUSINESS WIRE)--Sept. 19, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), a leading global advanced wound care and therapeutic
surfaces company, along with the Irish Minister for Enterprise, Trade
and Employment Micheal Martin today announced KCI's plans for the
establishment of a Global Manufacturing Operation at the Irish
Development Agency Business & Technology Park, Garrycastle, Athlone,
Co. Westmeath. The investment, supported by IDA Ireland, will create
up to 250 new jobs... |
| | | 09/13/07 | KCI Delivers Pressure Ulcer Prevention Program to Help Hospitals Comply With New Medicare Ruling| SAN ANTONIO--(BUSINESS WIRE)--Sept. 13, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), a leading global advanced wound care and therapeutic
surfaces company, provides a unique prevention program designed to
help facilities address new Medicare guidelines regarding
hospital-acquired pressure ulcers. KCI's unique program addresses
prevalence and incidence (P&I) of hospital-acquired pressure ulcers
among a facility's patient population, which are two key measurements
for wound care treatment p... |
| | | 08/27/07 | KCI Announces Investor and Analyst Meeting on September 17| SAN ANTONIO--(BUSINESS WIRE)--Aug. 27, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), a leading global advanced wound care and therapeutic
surfaces company, today announced details of its Analyst Day event on
September 17, 2007 at the St. Regis Hotel in New York City. Catherine
Burzik, President and CEO of KCI will host the event along with other
key members of the senior leadership team. The event will include a
comprehensive update on the company's business and growth strategies
as well a... |
| | | 08/14/07 | KCI Announces Early Success in Global Launch of Next Generation InfoV.A.C.(R) Therapy System| SAN ANTONIO--(BUSINESS WIRE)--Aug. 14, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), a leading global advanced wound care and therapeutic
surfaces company, today announced initial favorable results from
customer placements of its next generation V.A.C.(R) Therapy System -
InfoV.A.C.(R) As a part of the launch process, customers evaluated the
therapy's enhanced capabilities, which include intuitive, easy-to-use
operating features designed to simplify training and improve patient
compliance.... |
| | | 07/20/07 | Kinetic Concepts Reports Second Quarter and First Half 2007 Financial Results; Increases Outlook for Remainder of 2007| SAN ANTONIO, Jul 20, 2007 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI):
Second Quarter Highlights
- Net earnings increased 25% to $58.1 million
- Net earnings per diluted share increased 29% to $0.81
- Total revenue increased 20% to $396.7 million
- Research and development expenses increased 35% to $11.4 million
First Half Highlights
- Net earnings increased 17% to $111.6 million
- Net earnings per diluted share increased 21% to $1.57
- Total revenue increased ... |
| | | 07/19/07 | KCI Advances Global Wound Care Strategy with the Appointment of New Global V.A.C. Therapy President| SAN ANTONIO--(BUSINESS WIRE)--July 19, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced the appointment of Linwood "Woody" Staub to the
newly-created position of Global V.A.C. Therapy President. The
appointment is part of a broader plan to globally align the Company's
advanced wound care strategy. In this role, Mr. Staub will report
directly to the CEO and will be res... |
| | | 07/18/07 | KCI Announces the Appointment of Chief Information Officer| SAN ANTONIO--(BUSINESS WIRE)--July 18, 2007--Kinetic Concepts,
Inc. (NYSE: KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced the appointment of David H. Ramsey to the position of Senior
Vice President, Chief Information Officer (CIO). Prior to joining KCI,
Mr. Ramsey was the CIO for PSS World Medical Inc. In this new
position, he will be a member of KCI's Executive Committee and will
report directly to ... |
| | | 07/11/07 | Kinetic Concepts, Inc. Announces 2nd Quarter 2007 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--July 11, 2007--Kinetic Concepts,
Inc. (NYSE: KCI), today announced that it will report its second
quarter 2007 financial results at 6:30 a.m. EDT on Friday, July 20,
2007. Management will then hold a conference call to discuss the
results, at 8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(800-299-9630), International (+617-786-2904), Participant Code --
28933650. This call is being web cast by CCBN and can be acc... |
| | | 06/27/07 | Kinetic Concepts, Inc. to Present at the 2007 Jefferies Healthcare Conference| SAN ANTONIO--(BUSINESS WIRE)--June 27, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), today announced that it will present at the 2007
Jefferies Healthcare Conference on Thursday, June 28, 2007, at the
Mandarin Oriental Hotel, in New York.
Catherine Burzik, President and CEO, will present at 11:50 a.m.
EDT. A live audio web cast of the presentation will be available on
KCI's Investor Relations website at http://www.kci1.com/investor.
About KCI
Kinetic Concepts, Inc. is a global... |
| | | 06/15/07 | KCI Enters into Exclusive Worldwide License with NovaBay for NeutroPhase(TM) Wound Treatment Solution Technology| SAN ANTONIO, Jun 15, 2007 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI), a global medical technology
company with leadership positions in advanced wound care and
therapeutic surfaces, today announced that it has entered into an
exclusive worldwide license with NovaBay Pharmaceuticals, Inc. for its
proprietary NeutroPhase topical solution technology in the field of
wound healing. NeutroPhase is a stable, rapid-acting solution
containing hypochlorous acid, which is known to kill a bro... |
| | | 06/11/07 | KCI Announces U.S. Food and Drug Administration Clearance for Next-Generation V.A.C.(R) Therapy Technologies Across Multiple Care Settings Including Home Use| SAN ANTONIO--(BUSINESS WIRE)--June 11, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced that the U.S. Food and Drug Administration (FDA) has cleared
new claims across all care settings for two of KCI's next-generation
V.A.C.(R) Therapy Systems: the InfoV.A.C.(TM) Therapy System and the
ActiV.A.C.(TM) Therapy System. The FDA clearances include new claims
that were gran... |
| | | 05/24/07 | KCI Announces the Appointment of Chief Medical Officer| SAN ANTONIO--(BUSINESS WIRE)--May 24, 2007--Kinetic Concepts, Inc.
(NYSE: KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced the appointment of Dr. Dan Ciaburri to the position of
Senior Vice President & Chief Medical Officer. Prior to joining KCI,
Dr. Ciaburri was Attending Cardiothoracic Surgeon at New York
Presbyterian Hospital. He earned his MD, undergraduate and medical
degrees from the University o... |
| | | 05/15/07 | KCI Announces Issuance of New Patent| KCI Files Infringement Suits Against Smith & Nephew, BlueSky and
Medela
SAN ANTONIO--(BUSINESS WIRE)--May 15, 2007--Kinetic Concepts, Inc.
(NYSE:KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced that Wake Forest University has been awarded a continuation
patent relating to KCI's V.A.C.(R) technology, United States Patent
No. 7,216,651. The patent, which is exclusively licens... |
| | | 05/01/07 | KCI Files Appeal in Patent Litigation| SAN ANTONIO--(BUSINESS WIRE)--May 1, 2007--Kinetic Concepts, Inc.
(NYSE:KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced that it has filed a notice of appeal with the U.S. District
Court for the Western District of Texas in its patent infringement
litigation against BlueSky Medical Group, Inc., Medela AG, and related
parties. The patents at issue are licensed by KCI from Wake Forest
University and rela... |
| | | 05/01/07 | KCI Announces Positive Results From Clinical Study Utilizing V.A.C.(R) Therapy in the Treatment of Diabetic Foot Ulcers| SAN ANTONIO, May 01, 2007 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI), a global medical technology
company with leadership positions in advanced wound care and
therapeutic surfaces, today announced the acute phase results of a
randomized, controlled, clinical trial (RCT) on the use of KCI's
V.A.C.(R) Therapy in the treatment of complex diabetic foot ulcers
where the use of V.A.C. Therapy resulted in the following benefits:
-- a significant increase in the number of wounds that co... |
| | | 04/30/07 | Kinetic Concepts, Inc. to Present at the Deutsche Bank 32nd Annual Health Care Conference| SAN ANTONIO--(BUSINESS WIRE)--April 30, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), today announced that it will present at the Deutsche
Bank 32nd Annual Health Care Conference on Wednesday, May 2, 2007, at
The Mayflower Hotel in Washington, D.C.
Martin J. Landon, Sr. Vice President and Chief Financial Officer,
will present at 7:30 a.m. EDT. A live audio web cast of the
presentation will be available on KCI's Investor Relations website at
http://www.kci1.com/investor.
About KCI
... |
| | | 04/24/07 | Kinetic Concepts Reports First Quarter 2007 Financial Results| SAN ANTONIO, Apr 24, 2007 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI):
First Quarter Highlights
- V.A.C.(R) revenue increased 19% to $288.6 million from $243.0
million in the prior-year period
- Total revenue increased 16% to $368.8 million from $319.2
million in the prior-year period
- Net earnings were $53.6 million, an increase of 10% from $48.5
million in the prior-year period
- Net earnings per diluted share were $0.75, an increase of 14%
from $0.66 in the prior-y... |
| | | 04/13/07 | KCI Announces Issuance of Key Patent in Japan| SAN ANTONIO--(BUSINESS WIRE)--April 13, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced that the Japan Patent Office has issued a patent relating to
KCI's V.A.C.(R) Therapy technology. The patent (Japanese Patent No.
3,766,934), licensed by KCI from Wake Forest University, covers the
treatment of wounds using subatmospheric pressure.
"KCI has taken a global appro... |
| | | 04/10/07 | Kinetic Concepts, Inc. 1st Quarter 2007 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--April 10, 2007--Kinetic Concepts,
Inc. (NYSE: KCI), today announced that it will report its first
quarter 2007 financial results at 6:30 a.m. EDT on Tuesday, April 24,
2007. Management will then hold a conference call to discuss the
results, at 8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(866-831-6234), International (+617-213-8854), Participant Code --
33180037. This call is being web cast by CCBN and can be a... |
| | | 04/05/07 | KCI Provides Patent Litigation Update| Judge Upholds Validity and Enforceability of KCI Patents
SAN ANTONIO--(BUSINESS WIRE)--April 5, 2007--Kinetic Concepts,
Inc. (NYSE:KCI) announced today that the U.S. District Court for the
Western District of Texas has denied all post-trial motions of the
parties in KCI's patent litigation against Medela AG and BlueSky
Medical Group. The Court also entered a final judgment in the case,
upholding the jury's decision affirming the validity and
enforceability of the patents involved ... |
| | | 04/03/07 | KCI Responds to Release of CMS Competitive Bidding Rule| SAN ANTONIO--(BUSINESS WIRE)--April 3, 2007--Kinetic Concepts,
Inc. (NYSE:KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
issued a statement on the recently-released final competitive bidding
rule by the Centers for Medicare and Medicaid Services ("CMS"). The
rule establishes Medicare competitive bidding procedures for durable
medical equipment used in the home for ten designated metropolitan
areas and includes... |
| | | 02/05/07 | Kinetic Concepts, Inc. to Present at the Merrill Lynch Global Pharmaceutical, Biotechnology & Medical Device Conference| SAN ANTONIO, Feb 05, 2007 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI) today announced that the Company
will present at the Merrill Lynch Global Pharmaceutical, Biotechnology
and Medical Device Conference on Wednesday, February 7, 2006, at The
Grand Hyatt Hotel in New York.
Catherine Burzik, President and Chief Executive Officer, will
speak to the conference attendees at 1:40 p.m. EST; 12:40 p.m. CST. A
live and archived audio webcast of the presentation will be available
for 14 d... |
| | | 01/30/07 | Kinetic Concepts Reports Fourth Quarter and Full Year Financial Results for 2006| SAN ANTONIO, Jan 30, 2007 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI):
Fourth Quarter Highlights
-- V.A.C.(R) revenue increased 18% to $293.2 million from $248.6
million in the prior-year period
-- Total revenue increased 15% to $371.5 million from $322.0
million in the prior-year period
-- Share-based compensation expense under FAS 123R reduced net
earnings by $4.0 million, or $0.06 per diluted share
-- Net earnings were $51.3 million, an in... |
| | | 01/08/07 | Kinetic Concepts, Inc. Announces Fourth Quarter and Full Year 2006 Revenue at JPMorgan Healthcare Conference| SAN ANTONIO--(BUSINESS WIRE)--Jan. 8, 2007--Kinetic Concepts, Inc.
(NYSE:KCI), today will announce consolidated revenue expectations for
its fourth quarter and full-year of 2006 at the JPMorgan 25th Annual
Healthcare Conference in San Francisco, California. Catherine Burzik,
President and Chief Executive Officer of KCI, will speak at the
conference.
KCI expects fourth quarter 2006 revenue to be between $366 - $371
million, representing an increase of 14% - 15% from the same quarte... |
| | | 01/05/07 | Kinetic Concepts, Inc. 4th Quarter and Year End 2006 Earnings Conference Call| SAN ANTONIO, Texas--(BUSINESS WIRE)--Jan. 5, 2007--Kinetic
Concepts, Inc. (NYSE:KCI) today announced that it will report its
fourth quarter and year end 2006 financial results at 6:30 a.m. EST on
Tuesday, January 30, 2007. Management will then hold a conference call
to discuss the results, and its financial outlook for 2007, at 8:30
a.m. EST on the same day.
Dial-in numbers for this conference call are Domestic
(866-362-4832), International (+617-597-5364), Participant Code -
322... |
| | | 01/03/07 | Kinetic Concepts, Inc. to Participate in the JPMorgan Healthcare Conference 2007| SAN ANTONIO, Jan 03, 2007 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI) today announced that it will
participate in the JPMorgan Healthcare Conference 2007 on Monday,
January 8, 2007, in San Francisco, CA.
Catherine Burzik, President and Chief Executive Officer of KCI,
will be presenting to conference attendees at 2:00 p.m. EST, 11:00
a.m. PST. A live audio webcast of the presentation will be available
to all interested parties at KCI's Investor Relations website at
http://www.kci1... |
| | | 12/21/06 | V.A.C. Freedom(R) System Receives Joint Airworthiness Certification| After Rigorous Testing, Cleared by U.S. Air Force-Army as Safe for
in-Flight Use on Military Aircraft
SAN ANTONIO--(BUSINESS WIRE)--Dec. 21, 2006--Kinetic Concepts,
Inc. (NYSE: KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced its V.A.C. Freedom(R) System has been awarded Joint
Airworthiness Certification (JAC) status by the U.S. Military. This
comes after an extensive evaluation proc... |
| | | 10/27/06 | Kinetic Concepts Reports Third Quarter and Nine Month Financial Results for 2006| SAN ANTONIO--(BUSINESS WIRE)--Oct. 27, 2006--Kinetic Concepts,
Inc. (NYSE: KCI):
Third Quarter Highlights
V.A.C.(R) revenue increased 15% to $276.8 million from $240.5
million in the prior year
Total revenue increased 12% to $350.9 million from $312.3
million in the prior-year period
Share-based compensation expense under FAS 123R reduced net
earnings by $2.8 million, or $0.04 per diluted share
Net earnings were $49.0 million, an in... |
| | | 10/25/06 | KCI Announces New Surfaces Agreement with Novation| SAN ANTONIO, Oct 25, 2006 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI), a global medical technology
company with leadership positions in advanced wound care and
therapeutic surfaces, today announced that it has been awarded two
separate three-year agreements with Novation, LLC, the health care
contracting services arm of VHA Inc. (Irving, TX) and University
HealthSystem Consortium (Oak Brook, IL). The agreements include a
three-year agreement to provide rental and sales of KCI's th... |
| | | 10/20/06 | Catherine M. Burzik Named CEO of Kinetic Concepts, Inc. (KCI)| Medical Writers/Business Editors
SAN ANTONIO--(BUSINESS WIRE)--Oct. 20, 2006--Kinetic Concepts Inc.
(NYSE:KCI), a global medical technology company with revenues of more
than $1 billion and leadership positions in advanced wound care and
therapeutic surfaces, today announced that it has appointed Catherine
M. Burzik as Chief Executive Officer. Ms. Burzik joins KCI from her
position as President of Applied Biosystems (NYSE:ABI), the leading
global life sciences tools company. On ... |
| | | 10/18/06 | Kinetic Concepts, Inc. Announces 3rd Quarter 2006 Earnings Conference Call| SAN ANTONIO, Oct 18, 2006 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI), today announced that it will
report its third quarter 2006 financial results at 6:30 a.m. EDT on
Friday, October 27, 2006. Management will then hold a conference call
to discuss the results at 8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(800-573-4842), International (+617-224-4327), Participant Code --
16789658. This call is being web cast by CCBN and can be accessed ... |
| | | 10/16/06 | KCI Announces New FDA Labeling Clearance for V.A.C.(R) Therapy(TM)| SAN ANTONIO, Oct 16, 2006 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI), a global medical technology
company with leadership positions in advanced wound care and
therapeutic surfaces, today announced that the U.S. Food and Drug
Administration (FDA) has cleared expanded Indications for Use for
KCI's V.A.C. negative pressure wound therapy system. Specifically, the
FDA has cleared KCI to market and label the unique mechanisms of
action of the V.A.C. device, including "preparing the wou... |
| | | 10/10/06 | KCI Chief Executive Denny Ware Announces Intention to Retire| Ware to Stay on until Successor is Named
SAN ANTONIO--(BUSINESS WIRE)--Oct. 10, 2006--Dennert O. Ware,
Chief Executive Officer of Kinetic Concepts Inc. (NYSE: KCI), who has
led KCI's emergence as a leading global provider of advanced wound
care and therapeutic devices, today formally announced his intention
to retire from the company. Mr. Ware will remain in his position as
CEO until a successor is appointed by the Board and he committed to
ensure a successful transition.
Since ... |
| | | 09/01/06 | Kinetic Concepts, Inc. to Participate in the Thomas Weisel Partners Health Care Conference 2006| SAN ANTONIO--(BUSINESS WIRE)--Sept. 1, 2006--Kinetic Concepts,
Inc. (NYSE:KCI) today announced that it will participate in the Thomas
Weisel Partners Health Care Conference 2006 on Wednesday, September 6,
2006, at the Four Seasons Hotel, Boston, MA.
Martin J. Landon, Sr. Vice President and Chief Financial Officer,
will be presenting at 8:00 a.m. Eastern Time. A live audio webcast of
the presentation will be available on KCI's Investor Relations website
at http://www.kci1.com/inves... |
| | | 08/28/06 | KCI Board of Directors Authorizes $200 Million Share Repurchase Program| SAN ANTONIO--(BUSINESS WIRE)--Aug. 28, 2006--Kinetic Concepts,
Inc. (NYSE:KCI) today announced that its Board of Directors has
authorized an investment of up to $200 million for the repurchase of
its common stock as part of a new share buyback program through the
third quarter of 2007.
"We believe that the current share price does not accurately
reflect KCI's long-term growth prospects and therefore represents an
excellent investment opportunity for our company and our
shareholde... |
| | | 08/03/06 | KCI to Host Conference Call Regarding Jury Verdict| SAN ANTONIO--(BUSINESS WIRE)--Aug. 3, 2006--Kinetic Concepts, Inc.
(NYSE:KCI) announced today that it will host a conference call at 8:30
a.m. EDT on Friday, August 4, 2006 to discuss the recently announced
jury verdict in the Company's patent litigation.
Dial-in numbers for this conference call are Domestic
(866-578-5784), International (+617-213-8056), Participant Code --
16456502. This call is being web cast by CCBN and can be accessed at
the Kinetic Concepts web site http://ww... |
| | | 08/03/06 | KCI Announces Jury Verdict in Patent Case| SAN ANTONIO, Aug 03, 2006 (BUSINESS WIRE) -- Kinetic Concepts Inc. (NYSE:KCI) announced today that a
U.S. District Court jury has found that the Wake Forest patents
involved in the litigation against BlueSky Medical Group Inc. and
Medela AG are valid and enforceable. The jury also found that the
patent claims involved in the case are not infringed by the Versatile
1 system marketed by BlueSky. The Wake Forest patents relate to KCI's
V.A.C. technology used for the treatment of patients with... |
| | | 07/31/06 | Kinetic Concepts Reports Second Quarter and First Half 2006 Financial Results| SAN ANTONIO--(BUSINESS WIRE)--July 31, 2006--Kinetic Concepts,
Inc. (NYSE: KCI):
Second Quarter Highlights
-------------------------
-- Net earnings increased 17% to $46.6 million
-- Net earnings per diluted share increased 17% to $0.63 per
share
-- U.S. V.A.C. revenue increased 12% to $193.4 million
-- Total revenue increased 12% to $330.0 million
-- Incremental stock-based compensation expense under FAS 123-R
reduced net earnings gro... |
| | | 07/18/06 | Kinetic Concepts, Inc. 2nd Quarter 2006 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--July 18, 2006--Kinetic Concepts,
Inc. (NYSE:KCI), today announced that it will report its second
quarter 2006 financial results at 6:30 a.m. EDT on Monday, July 31,
2006. Management will then hold a conference call to discuss the
results at 8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(866-314-9013), International (+617-213-8053), Participant Code --
55354989. This call is being web cast by CCBN and can be acces... |
| | | 07/05/06 | KCI Receives Pinnacle Award; Premier Pinnacle Award Recognizes Performance Excellence and Operational Efficiency| SAN ANTONIO--(BUSINESS WIRE)--July 5, 2006--Kinetic Concepts, Inc.
(NYSE: KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced that it has been recognized by the Premier Inc. Healthcare
Alliance as a winner of the 2006 Pinnacle Award for supplier
performance that meets and exceeds the expectations of Premier and its
members.
Scott Brooks, KCI Vice President of National Accounts, accepted
the award on ... |
| | | 06/27/06 | Panel of Experts Updates Guidelines for Use of KCI's V.A.C.(R) Therapy on the Diabetic Foot| Opinion Leaders Provide Current Clinical Evidence and Best Practices around Application of Vacuum Assisted Closure(R) Therapy
SAN ANTONIO, Jun 27, 2006 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI), a global medical technology
company with leadership positions in advanced wound care and
therapeutic surfaces, today announced the publication of new clinical
guidelines around the use of KCI's Vacuum Assisted Closure(R) or
V.A.C.(R) Therapy in the treatment of the diabetic foot. The n... |
| | | 05/01/06 | Kinetic Concepts Inc. to Participate in the Deutsche Bank 31st Annual Health Care Conference| SAN ANTONIO--(BUSINESS WIRE)--May 1, 2006--Kinetic Concepts Inc.
(NYSE:KCI) today announced that it will participate in the Deutsche
Bank 31st Annual Health Care Conference on Tuesday, May 2, 2006, at
the Sheraton Boston Hotel in Boston, MA.
Dennert O. Ware, President and Chief Executive Officer, will
present at 12:00 p.m. EDT. A live audio webcast of the presentation
will be available on KCI's Investor Relations website at
http://www.kci1.com/investor.
About KCI
K... |
| | | 04/25/06 | Kinetic Concepts Reports First Quarter 2006 Financial Results| SAN ANTONIO--(BUSINESS WIRE)--April 25, 2006--Kinetic Concepts,
Inc. (NYSE: KCI):
First Quarter Highlights
-- Net earnings increased 31% to $48.5 million
-- Net earnings per diluted share increased 29% to $0.66 per
share
-- U.S. V.A.C. revenue increased 23% to $186.1 million
-- Total revenue increased 14% to $319.2 million
Kinetic Concepts, Inc. (NYSE: KCI) today reported first quarter
2006 total revenue of $319.2 million, an increase ... |
| | | 04/11/06 | Kinetic Concepts, Inc. Announces 1st Quarter 2006 Earnings Conference Call| SAN ANTONIO, Texas--(BUSINESS WIRE)--April 11, 2006--Kinetic
Concepts, Inc. (NYSE: KCI), today announced that it will report its
first quarter 2006 financial results at 6:30 a.m. EDT on Tuesday,
April 25, 2006. Management will then hold a conference call to discuss
the results at 8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(800-901-5217), International (+617-786-2964), Participant Code --
79571134. This call is being web cast by CCBN and ... |
| | | 04/03/06 | KCI Announces Agreement with Paul Hartmann AG| SAN ANTONIO--(BUSINESS WIRE)--April 3, 2006--Kinetic Concepts,
Inc. (NYSE:KCI) announced today that it has reached agreement with
Paul Hartmann AG for the withdrawal of the patent appeal pending
before the European Patent Office ("EPO") Board of Appeals. The
proceedings, which were effectively terminated on April 3, 2006,
involved a Wake Forest European V.A.C.(R) patent licensed to KCI.
As a result of the withdrawals, the patent opposition proceedings
have been terminated and the ... |
| | | 03/14/06 | KCI's Dennert O. Ware Named Medical Devices Industry CEO of the Year by Frost & Sullivan; Leading Industry Analyst Firm Singles out Ware for Leadership Excellence| SAN ANTONIO--(BUSINESS WIRE)--March 14, 2006--Kinetic Concepts,
Inc. (NYSE: KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced the company's CEO, Dennert "Denny" Ware was named Medical
Devices CEO of the Year by leading industry analyst firm Frost &
Sullivan. Mr. Ware was recognized among industry peers for his
leadership, vision and demonstrable impact on KCI's growth and
performance. Each year, Frost &... |
| | | 02/07/06 | Kinetic Concepts, Inc. to Participate in the Merrill Lynch 17th Annual Global Pharmaceutical, Biotechnology & Medical Device Conference| SAN ANTONIO--(BUSINESS WIRE)--Feb. 7, 2006--Kinetic Concepts, Inc.
(NYSE:KCI), today announced that it will participate in the Merrill
Lynch 17th Annual Global Pharmaceutical, Biotechnology and Medical
Device Conference on Thursday, February 9, 2006, at The Grand Hyatt in
New York.
Dennert O. Ware, President and Chief Executive Officer, and Martin
J. Landon, Vice President and CFO, will speak to the conference
attendees at 8:40 a.m. EST; 7:40 a.m. CST. A live audio web cast of
th... |
| | | 01/30/06 | Kinetic Concepts Reports Fourth Quarter and Year-End Financial Results for 2005| SAN ANTONIO, Jan 30, 2006 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI):
Fourth Quarter Highlights
-- Net earnings increased 36% to $46.4 million
-- Net earnings per diluted share increased 36% to $0.64 per
share
-- Total revenue increased 18% to $322.0 million
-- U.S. V.A.C. revenue increased 24% to $194.4 million
2005 Full-Year Highlights
-- Total revenue increased 22% to $1.21 billion
-- U.S. V.A.C. revenue increased approximately 25% to $706.0
... |
| | | 01/26/06 | Kinetic Concepts Announces Issuance of Markman Ruling in BlueSky Patent Suit| SAN ANTONIO--(BUSINESS WIRE)--Jan. 26, 2006--Kinetic Concepts,
Inc. (NYSE:KCI) today announced that the Federal District Court issued
its ruling on the November Markman hearing in KCI's patent suit
against BlueSky Medical. In its ruling, the Court construed certain
terms of U.S. Patent Nos. 5,636,643 and 5,645,081. The Court's ruling
is consistent with KCI's proposed construction on four of the five
claim terms construed in the order. The Court construed the fifth
claim term in a mann... |
| | | 01/12/06 | KCI Unveils New Web Site; Connecting Caregivers and Patients Through Convenient, One-Click Access to Quality Information| SAN ANTONIO--(BUSINESS WIRE)--Jan. 12, 2006--Kinetic Concepts,
Inc. (NYSE: KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced the launch of the new www.kci1.com, the company's web-based
resource center. The changes will improve the overall experience for
the many physicians, nurses, case managers and administrators who need
one-click, 24/7 access to actionable information.
"We looked at how our custo... |
| | | 01/06/06 | Kinetic Concepts, Inc. 4th Quarter and Year End 2005 Earnings Conference Call| SAN ANTONIO, Jan 06, 2006 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI), today announced that
it will report its fourth quarter and year end 2005 financial results
at 6:30 a.m. EST on Monday, January 30, 2006. Management will then
hold a conference call to discuss the results at 8:30 a.m. EST on the
same day.
Dial-in numbers for this conference call are Domestic
(866-271-6130), International (+617-213-8894), Participant Code -
29062124. This call is being web cast by CCBN and can... |
| | | 01/05/06 | Kinetic Concepts, Inc. to Participate in the JP Morgan Healthcare Conference| SAN ANTONIO--(BUSINESS WIRE)--Jan. 5, 2006--Kinetic Concepts, Inc.
(NYSE:KCI), today announced that it will participate in The JP Morgan
Healthcare Conference on Monday, January 9, 2006 in San Francisco.
Dennert O. Ware, President and Chief Executive Officer, will speak
to conference attendees at 1:30 p.m. EST; 12:30 p.m. CST. A live audio
web cast of the presentation will be available on KCI's Investor
Relations website at http://www.kci1.com/investor or directly accessed
by the ... |
| | | 12/02/05 | KCI Sponsors Publication of Guidelines for the Management of the Open Abdomen; KCI'S V.A.C.(R) Therapy Central to Expert Advisory Panel's Exploration of Closure Techniques| SAN ANTONIO--(BUSINESS WIRE)--Dec. 2, 2005--Kinetic Concepts, Inc.
(NYSE: KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced the release of Guidelines for the Management of the Open
Abdomen. The Guidelines offer findings from a multidisciplinary expert
advisory panel convened over a two-day period to evaluate treatment
options in the context of evidenced-based medicine. Among the panel's
conclusions was ... |
| | | 11/30/05 | Kinetic Concepts, Inc. to Participate in the Fifth Annual Merrill Lynch Med Tech Fundamentals Conference| SAN ANTONIO, Nov 30, 2005 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE:KCI), today announced it
will participate in The Fifth Annual Merrill Lynch Med Tech
Fundamentals Conference on Thursday, December 1, 2005 at The New York
Palace Hotel in New York City.
Dennert O. Ware, President and Chief Executive Officer, will
participate in a panel discussion related to wound care at 9:00 a.m.
EST.
The discussion will be available live via webcast and may be
accessed by visiting KCI's websi... |
| | | 11/15/05 | Kinetic Concepts Inc. Announces Election of New Director| SAN ANTONIO--(BUSINESS WIRE)--Nov. 15, 2005--Kinetic Concepts Inc.
(NYSE:KCI) today announced that in accordance with its By-Laws, the
Board of Directors has increased the size of the Board from nine
directors to 10, and has appointed Woodrin Grossman to serve as a
director and a member of the Board's Audit and Compliance Committee
and Nominating and Governance Committee.
"We are very pleased that Woody has agreed to serve on KCI's Board
of Directors," said Ronald W. Dollens, Chai... |
| | | 11/02/05 | KCI Reports Markman Hearing Date Change in BlueSky Patent Suit| SAN ANTONIO--(BUSINESS WIRE)--Nov. 2, 2005--Kinetic Concepts, Inc.
(NYSE:KCI) today reported that due to scheduling conflicts in the
Court's docket, the Federal District Court for the Western District of
Texas has reset the date of the upcoming Markman hearing to November
14, 2005. Previously, the hearing was scheduled for November 3, 2005.
About KCI
Kinetic Concepts, Inc. is a global medical technology company with
leadership positions in advanced wound care and therapeutic s... |
| | | 10/27/05 | KCI Announces Publication of CMS Coding Decisions| SAN ANTONIO--(BUSINESS WIRE)--Oct. 27, 2005--Kinetic Concepts,
Inc. (NYSE:KCI) today announced that it has been notified by the
Centers for Medicare and Medicaid Services ("CMS") that a pump
marketed by BlueSky Medical, Inc. has been assigned to the E2402 code
for Negative Pressure Wound Therapy ("NPWT") in connection with the
2006 Healthcare Common Procedure Coding System ("HCPCS") decisions.
The E2402 NPWT code is the same code assigned to KCI's V.A.C.(R)
Therapy unit.
In conne... |
| | | 10/25/05 | Kinetic Concepts Reports Third Quarter and Nine Month Financial Results for 2005| SAN ANTONIO, Oct 25, 2005 (BUSINESS WIRE) -- Kinetic Concepts Inc. (NYSE:KCI):
Third Quarter Highlights
-- Total revenue increased 21% to $312.3 million
-- U.S. V.A.C. revenue increased 26% to $188.0 million
-- Novamedix litigation settlement charge of $72.0 million before
taxes, $47.4 million after-tax, or $0.65 per diluted share
-- Net loss of $1.2 million and net loss per diluted share of
$0.02, including litigation settlement expense, compared to
... |
| | | 10/24/05 | KCI Launches V.A.C.(R) GranuFoam(R) Silver(TM) Dressing; Adds Effective Antimicrobial Barrier to Negative Pressure Wound Therapy| SAN ANTONIO--(BUSINESS WIRE)--Oct. 24, 2005--Kinetic Concepts,
Inc. (NYSE: KCI), a global medical technology company with leadership
positions in advanced wound care and therapeutic surfaces, today
announced the introduction of its V.A.C.(R) GranuFoam(R) Silver(TM)
Dressing into the wound care market. Designed specifically for the
V.A.C.(R) Therapy System, V.A.C.(R) GranuFoam(R) Silver(TM) Dressing
combines the proven benefits of Negative Pressure Wound Therapy (NPWT)
with the protect... |
| | | 10/11/05 | Kinetic Concepts, Inc. 3rd Quarter 2005 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--Oct. 11, 2005--Kinetic Concepts,
Inc. (NYSE:KCI), today announced that it will report its third quarter
2005 financial results at 6:30 a.m. EDT on Tuesday, October 25, 2005.
Management will then hold a conference call to discuss the results at
8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(800-291-9234), International (+617-614-3923), Participant Code -
92754634. This call is being web cast by CCBN and can be acc... |
| | | 10/11/05 | KCI and The Children's Shelter Announce Opening of KCI Servant's Heart Residential Treatment Center; Facility to Serve San Antonio Area Children Who Have Been Victims of Abuse, Neglect and Abandonment| SAN ANTONIO--(BUSINESS WIRE)--Oct. 11, 2005--Kinetic Concepts,
Inc. (NYSE: KCI), a global corporation that develops and markets a
broad range of technology-based healthcare products, and The
Children's Shelter, the oldest and largest emergency shelter for young
children in South Texas, today announced the opening of a new San
Antonio-based facility named the KCI Servant's Heart Residential
Treatment Center (the "KCI RTC").
KCI donated a building and surrounding property in northwe... |
| | | 10/03/05 | Kinetic Concepts, Inc. Announces Organizational Changes| SAN ANTONIO--(BUSINESS WIRE)--Oct. 3, 2005--Kinetic Concepts, Inc.
(NYSE:KCI) today announced that it will be making certain
organizational changes to its US business structure in order to
further strengthen its senior management capabilities and to provide
increased focus on each of its V.A.C.(R) and Therapeutic Surfaces
businesses. In connection with the reorganization, Christopher M.
Fashek, President of KCI USA since 1995, has been promoted to Vice
Chairman. In this role, Mr. Fash... |
| | | 09/30/05 | KCI Announces Settlement in Novamedix Patent Suit| SAN ANTONIO--(BUSINESS WIRE)--Sept. 30, 2005--Kinetic Concepts,
Inc. (NYSE:KCI) announced today that it has reached an agreement to
settle its litigation with Novamedix Limited, a subsidiary of Orthofix
International NV (NASDAQ:OFIX). The case was filed by Novamedix in
1992 and relates to KCI's PlexiPulse(R) line of foot pump products
used for the prevention of deep-vein thrombosis.
Under the terms of the settlement, KCI has agreed to pay Novamedix
$75 million and to assign or l... |
| | | 09/23/05 | Kinetic Concepts, Inc. to Participate in the UBS Global Life Sciences Conference| SAN ANTONIO--(BUSINESS WIRE)--Sept. 23, 2005--Kinetic Concepts,
Inc. (NYSE:KCI), today announced that it will participate in the UBS
Global Life Sciences Conference in New York on Monday, September 26,
2005.
Dennert O. Ware, President and Chief Executive Officer, and Martin
J. Landon, Chief Financial Officer, will speak to the attendees of the
conference at 8:30 a.m. EDT, 7:30 a.m. CDT.
A live audio webcast of the presentation may be accessed on the
UBS website link: www.ibb.... |
| | | 09/19/05 | Retrospective Comparison Study Demonstrates Efficacy of KCI's V.A.C.(R) System; Study Examines V.A.C.(R) Therapy's Role in Reducing Hospitalizations for Wound Related Problems| SAN ANTONIO--(BUSINESS WIRE)--Sept. 19, 2005--Kinetic Concepts,
Inc. (NYSE: KCI), a global corporation that develops and markets the
V.A.C.(R) System announced findings from a retrospective comparison
study completed and published in Ostomy, Wound Management by Outcome
Concept Systems (OCS), a leading benchmarking company in Seattle,
Washington. The results showed that patients using Negative Pressure
Wound Therapy delivered by KCI V.A.C.(R) System had a significantly
reduced the rate... |
| | | 09/07/05 | KCI Announces Key Dates in BlueSky Patent Suit| SAN ANTONIO--(BUSINESS WIRE)--Sept. 7, 2005--Kinetic Concepts,
Inc. (NYSE:KCI) today announced that the Federal District Court for
the Western District of Texas has entered a scheduling order
establishing several dates and procedural deadlines in KCI's patent
suit against BlueSky Medical. Key dates include a Markman hearing set
for November 3, 2005 for patent claims that have not previously been
construed by the Court, and a trial date set for May 31, 2006.
About KCI
Kinetic ... |
| | | 09/01/05 | Kinetic Concepts CEO Establishes 10b5-1 Stock Plan| SAN ANTONIO--(BUSINESS WIRE)--Sept. 1, 2005--Kinetic Concepts Inc.
(NYSE:KCI) today announced that Dennert O. Ware, President and Chief
Executive Officer, has entered into a pre-arranged trading plan in
accordance with rule 10b5-1 of the Securities and Exchange Commission.
Mr. Ware has adopted the plan on the recommendation of his advisors as
an orderly way to exercise his stock options prior to expiration. All
of Mr. Ware's 3.6 million vested stock options expire in April of
2007.
... |
| | | 07/26/05 | Kinetic Concepts Reports Record Revenue and Earnings for Second Quarter 2005| SAN ANTONIO--(BUSINESS WIRE)--July 26, 2005--Kinetic Concepts Inc.
(NYSE:KCI)
Second Quarter Highlights
Total revenue increase of 24% to $294.2 million
U.S. V.A.C. revenue increase of 26% to $172.0 million
Net earnings of $39.8 million, an increase of $12.2 million,
or 44%, on a non-GAAP basis (65% increase on a GAAP basis)
Net earnings per diluted share of $0.54, a 38% increase on a
non-GAAP basis (59% increase on a GAAP basis) ... |
| | | 07/07/05 | Kinetic Concepts, Inc. 2nd Quarter 2005 Earnings Conference Call| SAN ANTONIO, Jul 07, 2005 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI), today announced that
it will report its second quarter 2005 financial results at 6:30 a.m.
EDT on Tuesday, July 26, 2005. Management will then hold a conference
call to discuss the results at 8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(800-299-7089), International (+617-801-9714), Participant Code -
28059830. This call is being web cast by CCBN and can be accessed ... |
| | | 07/01/05 | Kinetic Concepts Announces Issuance of Markman Ruling in BlueSky Patent Suit| SAN ANTONIO--(BUSINESS WIRE)--July 1, 2005--Kinetic Concepts Inc.
(NYSE:KCI) today announced that the Federal District Court for the
Western District of Texas issued its ruling on the Markman hearing in
KCI's patent suit against BlueSky Medical. In its ruling, the Court
construed certain terms of U.S. Patent No. 5,636,643 ("the '643
patent") and ruled that other terms were definite and did not require
construction by the Court.
"We are pleased with the Court's Markman ruling," said ... |
| | | 06/13/05 | Kinetic Concepts Inc. to Participate in the Goldman Sachs Healthcare Conference| SAN ANTONIO, Jun 13, 2005 (BUSINESS WIRE) -- Kinetic Concepts Inc. (NYSE:KCI) today announced that it
will participate in the Goldman Sachs Healthcare conference in Dana
Point, Calif., on Tuesday, June 14, 2005.
Dennert O. Ware, President and Chief Executive Officer, will speak
to the attendees of the conference at 11:40 a.m. EDT, 10:40 a.m. CDT.
A live audio webcast of the presentation will be available through
KCI's website at http://www.kci1.com/investor. The webcast will be
ar... |
| | | 04/27/05 | Kinetic Concepts Reports Revenue and Earnings Growth for First Quarter 2005| SAN ANTONIO--(BUSINESS WIRE)--April 27, 2005--Kinetic Concepts,
Inc. (NYSE:KCI):
First Quarter Highlights
Total revenue increase of 25% to $280.0 million
Net earnings of $37.2 million, an increase of $13.7 million,
or 58%, on a non-GAAP basis (162% increase on a GAAP basis)
Net earnings per diluted share of $0.51, a 50% increase on a
non-GAAP basis (143% increase on a GAAP basis)
The Company is reiterating full year 2005 revenue gu... |
| | | 04/14/05 | Kinetic Concepts, Inc. 1st Quarter 2005 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--April 14, 2005--Kinetic Concepts,
Inc. (NYSE:KCI), today announced that it will report its first quarter
2005 financial results at 6:30 a.m. EDT on Wednesday, April 27, 2005.
Management will then hold a conference call to discuss the results at
8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(800-706-7741), International (+617-614-3471), Participant Code -
10286818. This call is being web cast by CCBN and can be acce... |
| | | 03/15/05 | KCI Sponsors Issuance of Proceedings from Second World Union of Wound Healing Societies; Thought Leaders Exchange Research on Application of V.A.C. Therapy| Conclusions Add to Expanding Body of Evidence SAN ANTONIO, Mar 15, 2005 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI), a global corporation that
develops and markets a broad range of technology-based healthcare
products, today announced the publication of select proceedings from
the second World Union of Wound Healing Societies Meeting (WUWHS) in
WOUNDS magazine. Held in Paris in July 2004, the international
conference gathered thought leaders together to learn and share the
lates... |
| | | 03/14/05 | Kinetic Concepts Inc. to Participate in SG Cowen Healthcare Conference| SAN ANTONIO--(BUSINESS WIRE)--March 14, 2005--Kinetic Concepts
Inc. (NYSE:KCI) today announced that it will participate in the SG
Cowen Healthcare Conference in Boston on Tuesday, March 15, 2005.
Martin J. Landon, Vice President and CFO, will speak to the
attendees of the conference at 10:30 a.m. EST, 9:30 a.m. CST.
A live audio webcast of the presentation will be available through
KCI's website at http://www.kci1.com/investor. The webcast will be
archived on KCI's website for... |
| | | 03/03/05 | Kinetic Concepts, Inc. Announces New General Counsel| SAN ANTONIO--(BUSINESS WIRE)--March 3, 2005--Kinetic Concepts,
Inc. (NYSE:KCI), today announced the appointment of Stephen D. Seidel
as General Counsel and Secretary, effective April 1, 2005. Mr. Seidel
served for the last eight years as Managing Director of Cox Smith
Matthews Incorporated, a business and litigation law firm based in San
Antonio, Texas, with 115 attorneys and more than 200 total employees.
While there, Mr. Seidel served KCI as lead outside counsel in a
variety of commerci... |
| | | 02/16/05 | CORRECTING AND REPLACING Kinetic Concepts Inc. to Participate in the Smith Barney Citigroup Small and Mid-Cap Conference| SAN ANTONIO, Feb 16, 2005 (BUSINESS WIRE) -- In BW5906 issued Feb.
15, 2005: Second paragraph of press release dated Feb. 15, 2005,
should read: Dennert O. Ware, President and Chief Executive Officer,
and Martin J. Landon, Vice President and CFO, will speak to the
attendees of the conference at 12:25 p.m. EST, 11:25 a.m. CST (sted
Dennert O. Ware, President and Chief Executive Officer, and Martin J.
Landon, Vice President and CFO, will speak to the attendees of the
conference at 6:25 a.m.... |
| | | 02/15/05 | Kinetic Concepts Inc. to Participate in the Smith Barney Citigroup Small and Mid-Cap Conference| SAN ANTONIO, Feb 15, 2005 (BUSINESS WIRE) -- Kinetic Concepts Inc.
(NYSE:KCI) today announced that it will participate in the Smith
Barney Citigroup Small and Mid-Cap Conference in Las Vegas on
Wednesday, February 16, 2005.
Dennert O. Ware, President and Chief Executive Officer, and Martin
J. Landon, Vice President and CFO, will speak to the attendees of the
conference at 6:25 a.m. EST, 7:25 a.m. CST.
A live audio webcast of the presentation will be available through
KCI's websit... |
| | | 02/08/05 | Kinetic Concepts, Inc. Announces Election of New Chairman| SAN ANTONIO--(BUSINESS WIRE)--Feb. 8, 2005--Kinetic Concepts, Inc.
(NYSE:KCI), today announced that the board of directors has elected
Ronald W. Dollens to serve as Chairman of the Board. Mr. Dollens has
served as a director of KCI since 2000.
"We could not be more pleased that Ron has been elected to serve
as Chairman of the Board. He is a seasoned healthcare professional who
brings vast experience to the Chairmanship. We look forward to KCI's
future under his leadership," said Den... |
| | | 02/07/05 | Kinetic Concepts, Inc. to Participate in the Merrill Lynch Global Pharmaceutical, Biotechnology & Medical Device Conference| SAN ANTONIO, Feb 7, 2005 (BUSINESS WIRE) -- Kinetic Concepts, Inc.
(NYSE:KCI), today announced that it will participate in the Merrill
Lynch Global Pharmaceutical, Biotechnology & Medical Device Conference
in New York on Wednesday, February 9, 2005.
Dennert O. Ware, President and Chief Executive Officer, and Martin
J. Landon, Vice President and CFO, will speak to the attendees of the
conference at 8:00 a.m. EST, 7:00 a.m. CST.
A live audio webcast of the presentation will be avail... |
| | | 01/25/05 | Kinetic Concepts, Inc. to Participate in the Piper Jaffray Healthcare Conference| SAN ANTONIO, Texas--(BUSINESS WIRE)--Jan. 25, 2005--Kinetic
Concepts, Inc. (NYSE:KCI), today announced that it will participate in
the Piper Jaffray Healthcare Conference in New York on Wednesday,
January 26, 2005.
Dennert O. Ware, President and Chief Executive Officer and Martin
J. Landon, Vice President and CFO, will speak to the attendees of the
conference at 8:00 a.m. EST, 7:00 a.m. CST.
A live audio webcast of the presentation will be available through
KCI's website at h... |
| | | 01/24/05 | Kinetic Concepts Reports Fourth Quarter and Full Year Financial Results for 2004| SAN ANTONIO--(BUSINESS WIRE)--Jan. 24, 2005--Kinetic Concepts Inc.
(NYSE:KCI) today reported fourth quarter 2004 net revenue of $273.7
million, an increase of 27% from the fourth quarter of 2003, and
full-year 2004 net revenue of $992.6 million, an increase of 30% over
the prior year. Foreign currency exchange movements favorably impacted
net revenue for the fourth quarter and the full year 2004 by 3%
compared to the corresponding periods of the prior year.
Net earnings for the four... |
| | | 01/18/05 | Kinetic Concepts 4th Quarter & Year-End 2004 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--Jan. 18, 2005--Kinetic Concepts,
Inc. (NYSE: KCI), today announced that it will report its fourth
quarter and year-end 2004 financial results at 4:00 p.m. EDT on
Monday, January 24, 2005. Management will then hold a conference call
to discuss the results at 5:00 p.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(800-706-7748), International (+617-614-3473), Participant Code -
50516246. This call is being web cast by CCBN an... |
| | | 12/15/04 | KCI Provides 2005 Earnings Outlook and Reiterates Guidance for Fourth Quarter and Full-Year 2004| SAN ANTONIO--(BUSINESS WIRE)--Dec. 15, 2004--Kinetic Concepts Inc.
(NYSE:KCI) today provided revenue and earnings guidance for 2005 and
reiterated financial guidance for the fourth quarter and full-year of
2004.
2005 Guidance
KCI presently projects full-year 2005 revenue of $1.20-1.25
billion based on continued demand for its V.A.C. negative pressure
wound therapy devices and related supplies. The Company expects
physician awareness and adoption of V.A.C. therapy will continu... |
| | | 12/13/04 | American Society of Plastic Surgeons Honors KCI with President's Award| Society's Education and Research Arm Recognizes KCI's Ongoing Contribution to the Field of Plastic Surgery SAN ANTONIO, Dec 13, 2004 (BUSINESS WIRE) -- Kinetic Concepts, Inc. (NYSE: KCI), a global medical technology
company, today announced it was recently recognized by the plastic
surgery industry's leading association as recipient of the President's
Award for its ongoing commitment to education and research within the
specialty.
The Plastic Surgery Educational Foundation (PSEF), the ... |
| | | 11/17/04 | Kinetic Concepts, Inc. to Participate in Credit Suisse First Boston Annual Healthcare Conference| SAN ANTONIO, Nov 17, 2004 (BUSINESS WIRE) -- Kinetic Concepts,
Inc. (NYSE:KCI), today announced it will participate in the Credit
Suisse First Boston Annual Healthcare Conference on, Friday, November
19, 2004, in Phoenix, Arizona.
Dennert O. Ware, President and Chief Executive Officer, and Martin
J. Landon, Chief Financial Officer, will present on the company's
business at 11:00 a.m. EST.
The live audio webcast of KCI's presentation will be accessible
through the company's websit... |
| | | 11/15/04 | Kinetic Concepts Inc. to Participate in Merrill Lynch Medical Technology Fundamentals Conference| SAN ANTONIO--(BUSINESS WIRE)--Nov. 15, 2004--Kinetic Concepts Inc.
(NYSE:KCI) today announced it will participate in the Merrill Lynch
Medical Technology Fundamentals Conference on Wednesday, November 17,
2004, in New York.
Dennert O. Ware, President and Chief Executive Officer, will
participate on the Wound Care panel at 9:15 a.m. EST.
The live audio webcast of KCI's presentation will be accessible
through the company's website at www.kci1.com/investor. The webcast
will be a... |
| | | 11/01/04 | Kinetic Concepts Reports Third Quarter and Nine Month Financial Results for 2004| SAN ANTONIO--(BUSINESS WIRE)--Nov. 1, 2004--Kinetic Concepts Inc.
(NYSE:KCI) today reported third quarter 2004 net revenue of $257.2
million, an increase of 30% from third quarter 2003 revenue of $198.0
million. Net revenue for the first nine months of 2004 was $719.0
million, representing a 31% increase from the same period a year ago.
Foreign currency exchange movements favorably impacted net revenue for
the third quarter and first nine months of 2004 by 3% compared to the
corresponding... |
| | | 10/25/04 | Kinetic Concepts, Inc. 3rd Quarter 2004 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--Oct. 25, 2004--Kinetic Concepts,
Inc. (NYSE:KCI), today announced that it will report its third quarter
2004 financial results at 6:00 a.m. EDT on Monday, November 1, 2004.
Management will then hold a conference call to discuss the results at
8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(888-396-2298), International (+617-847-8708), Participant Code -
57959728. This call is being web cast by CCBN and can be access... |
| | | 09/27/04 | Kinetic Concepts, Inc. Participates In UBS Global Life Sciences Conference| SAN ANTONIO, Texas, Sept. 27 /PRNewswire-FirstCall/ - Kinetic Concepts,
Inc. (NYSE: KCI), a global corporation that develops and markets a broad range
of technology-based healthcare products, participated in the UBS Global Life
Sciences Conference in New York City today, Monday, September 27, 2004.
Dennert O. Ware, President and Chief Executive Officer, and Martin J.
Landon, Chief Financial Officer, spoke to the attendees of the conference at
9:00 a.m. EDT. An audio webcast of the p... |
| | | 08/23/04 | Guidelines Released for Use of KCI's V.A.C. Therapy on the Diabetic Foot; Key Opinion Leaders Issue Findings Regarding Application of Negative Pressure Wound Therapy| SAN ANTONIO, Aug 23, 2004 (BUSINESS WIRE) -- Kinetic Concepts,
Inc. (NYSE: KCI), a global corporation that develops and markets a
broad range of technology-based healthcare products, today announced
the release of Guidelines from the Tucson Expert Consensus Conference
(TECC) on V.A.C. (R) Therapy. The Guidelines offer general conclusions
from an independent expert advisory panel convened to determine
appropriate use of Negative Pressure Wound Therapy (NPWT), also known
as Vacuum Assisted ... |
| | | 08/03/04 | Kinetic Concepts Reports Second Quarter and Six Month Financial Results for 2004| SAN ANTONIO--(BUSINESS WIRE)--Aug. 3, 2004--Kinetic Concepts, Inc.
(NYSE:KCI) today reported second quarter 2004 net revenue of $237.0
million, an increase of 30% from second quarter 2003 revenue of $182.9
million. Net revenue for the first half of 2004 was $461.8 million,
representing a 32% increase from the same period a year ago. Foreign
currency exchange movements favorably impacted net revenue for the
second quarter and first half of 2004 by 2% and 3%, respectively, over
the correspo... |
| | | 08/02/04 | KCI Introduces the RotoProne Therapy System; Innovative System Can Help Improve Patient Outcomes by Combining Benefits of Prone Therapy and Kinetic Therapy|
SAN ANTONIO--(BUSINESS WIRE)--Aug. 2, 2004--
First System to Fully Automate the Proning Process
Kinetic Concepts, Inc. (NYSE: KCI), a global medical technology
company, today announced the launch of the RotoProne(R) Therapy
System. This new product is a critical care therapy system designed to
help prevent and treat acute pulmonary complications associated with
immobility. The RotoProne(R) Therapy System fully automates the
proning process while at the same time ... |
| | | 07/23/04 | Kinetic Concepts, Inc. 2nd Quarter 2004 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--July 23, 2004--Kinetic Concepts,
Inc. (NYSE:KCI), today announced that it will report its second
quarter 2004 financial results at 6:00 a.m. EDT on Tuesday, August 3,
2004. Management will then hold a conference call to discuss the
results at 8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic
(800-599-9829), International (+617-847-8703), Participant Code -
49054465. This call is being web cast by CCBN and can be access... |
| | | 06/22/04 | KINETIC CONCEPTS, INC. ANNOUNCES COMPLETION OF FOLLOW-ON PUBLIC OFFERING| San Antonio, Texas, June 22, 2004 - Kinetic Concepts, Inc. (NYSE: KCI) today announced that it has completed the public offering of 16,100,000 shares of common stock. All of the 16,100,00 shares, including 2,100,000 shares sold pursuant to the exercise by the underwriters of their over-allotment option, were sold by the selling shareholders named in the prospectus.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities Inc. acted as joint book-running managers, Goldman... |
| | | 06/17/04 | KINETIC CONCEPTS, INC. ANNOUNCES PRICING OF FOLLOW-ON PUBLIC OFFERING| San Antonio, Texas, June 17, 2004 - Kinetic Concepts, Inc. (NYSE: KCI) today announced that it has priced a follow-on public offering of 14,000,000 shares of its common stock at a price of $47.50 per share, before underwriting discounts and commissions. The offering will consist solely of secondary shares to be offered by selling shareholders named in the prospectus. Some of the selling shareholders have granted the underwriters an option to purchase up to an additional 2,100,000 shares of co... |
| | | 05/28/04 | KINETIC CONCEPTS, INC. ANNOUNCES FILING OF REGISTRATION STATEMENT FOR FOLLOW-ON PUBLIC OFFERING| San Antonio, Texas, May 28, 2004 – Kinetic Concepts, Inc. (NYSE: KCI) today announced that it has filed a Registration Statement with the Securities and Exchange Commission relating to a proposed follow-on public offering of 16,000,000 shares of its common stock. The offering will consist solely of secondary shares to be offered by selling shareholders named in the preliminary prospectus. Some of the selling shareholders will grant the underwriters an option to purchase up to an additional 2,400... |
| | | 05/05/04 | KINETIC CONCEPTS REPORTS FIRST QUARTER 2004 FINANCIAL RESULTS|
San Antonio, Texas, May 5, 2004 - Kinetic Concepts, Inc. ("KCI" or the "Company") today reported first quarter 2004 net revenue of $224.8 million, an increase of 35% from the first quarter of 2003. Excluding the effects of foreign currency exchange movements, net revenue for the first quarter increased 30% over the prior year.
On February 24, 2004, KCI began trading as a public company (NYSE: KCI). Including after-tax expenses of $18.0 million and in-kind preferred stock dividends of $6... |
| | | 04/28/04 | Kinetic Concepts, Inc. First Quarter 2004 Earnings Conference Call| SAN ANTONIO--(BUSINESS WIRE)--April 28, 2004--Kinetic Concepts, Inc. (NYSE: KCI), today announced that it will report its first quarter 2004 financial results at 6:00 a.m. EDT on Wednesday, May 5, 2004. Management will then hold a conference call to discuss the results at 8:30 a.m. EDT on the same day.
Dial-in numbers for this conference call are Domestic (800-299-0148), International (+617-801-9711), and Participant Code - 10686595. This call is being web cast by CCBN and can be accessed at ... |
| | | 03/10/04 | KINETIC CONCEPTS, INC. ANNOUNCES LAUNCH OF EXCHANGE OFFER| San Antonio, Texas, March 10, 2004 - Kinetic Concepts, Inc. (NYSE: KCI), a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces, today announced that it is offering all holders of its 7 3/8% Senior Subordinated Notes due 2013 the opportunity to exchange their notes for a new issue of notes pursuant to a Registration Statement on Form S-4 declared effective on March 2, 2004 by the Securities and Exchange Commission. The exchange notes will b... |
| | | 02/27/04 | KINETIC CONCEPTS, INC. ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING| San Antonio, Texas, February 27, 2004 - Kinetic Concepts, Inc. (NYSE: KCI), a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces, today announced that it has closed its initial public offering of its common stock, consisting of 20,700,000 shares of common stock. 3,500,000 of these shares are newly issued shares sold by the Company and 17,200,000 shares, including 2,700,000 shares sold pursuant to the exercise by the underwriters of their ... |
| | | 02/25/04 | KINETIC CONCEPTS, INC. ANNOUNCES EXERCISE IN FULL OF OVER-ALLOTMENT OPTION| San Antonio, Texas, February 25, 2004 - Kinetic Concepts, Inc. (NYSE: KCI), a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces, today announced that the underwriters of its previously announced initial public offering of common stock have exercised in full their over-allotment option to purchase 2,700,000 additional shares of common stock from the selling shareholders in the offering at a price to the public of $30.00 per share.
The ... |
| | | 02/23/04 | KINETIC CONCEPTS, INC. ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING| San Antonio, Texas, February 23, 2004 - Kinetic Concepts, Inc., a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces, today announced that it has priced an initial public offering of its common stock at a price of $30.00 per share, before underwriting discounts and commissions. The offering consists of 18,000,000 shares of common stock, of which 3,500,000 will be newly issued shares offered by the Company and 14,500,000 are existing share... |
| | | 02/02/04 | KINETIC CONCEPTS REPORTS FOURTH QUARTER AND YEAR END FINANCIAL RESULTS FOR 2003| San Antonio, Texas, February 2, 2004 - Kinetic Concepts, Inc. ("KCI") today reported fourth quarter 2003 net revenue of $215.9 million, an increase of 31% from the fourth quarter of 2002, and full-year 2003 net revenue of $763.8 million, an increase of 32% over the prior year. Excluding the effects of foreign currency exchange, net revenue for the quarter and year ended December 2003 increased 26% and 27%, respectively, over the prior year.
KCI reported fourth quarter 2003 net earnings of ... |
| | | 12/31/03 | KINETIC CONCEPTS, INC. ANNOUNCES PROPOSED INITIAL PUBLIC OFFERING| San Antonio, Texas, December 31, 2003 - Kinetic Concepts, Inc., a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces, today announced that it has filed a registration statement with the Securities and Exchange Commission in connection with a proposed initial public offering of its common stock. The offering is expected to consist of up to $400 million of common stock, consisting of newly issued shares offered by the Company and secondary ... |
| | | 11/07/03 | KINETIC CONCEPTS REPORTS THIRD QUARTER AND NINE MONTH FINANCIAL RESULTS FOR 2003| San Antonio, Texas, November 7, 2003 - Kinetic Concepts, Inc. ("KCI") today reported net revenue of $198.0 million for the third quarter of 2003, an increase of 31% over the third quarter of 2002. For the first nine months of 2003, net revenue was $547.9 million, up 32% from the first nine months of the prior year. Excluding the effects of foreign currency exchange, net revenue for the third quarter increased 28%, while revenue for the first nine months of 2003 was up 27% compared to the prior... |
| | | 10/20/03 | KCI Announces Launch of V.A.C.® Instill™ Wound Healing Therapy System|
Innovative New Product Provides Dual Therapies in One Advanced Wound Healing System
San Antonio (October 20, 2003) - Kinetic Concepts, Inc. (KCI), a global corporation that develops and markets a broad range of technology-based healthcare products, today announced the launch of the new V.A.C.® Instill™ Wound Therapy System.
A robust addition to KCI's patented wound care product line, the V.A.C.® Instill™ System provides dual therapies in one advanced system by combining the wound-... |
| | | 08/11/03 | KINETIC CONCEPTS COMPLETES KEY ASPECTS OF ITS RECAPITALIZATION| San Antonio, Texas, August 11, 2003 - Kinetic Concepts, Inc. ("KCI") announced today that it has completed key aspects of a recapitalization transaction, including: (1) issuance and sale of $205 million of its Series A 7.375% Senior Subordinated Notes Due 2013 (the "New Notes") pursuant to Rule 144A and Regulation S; (2) entering into a new senior credit facility consisting of a $480 million term loan being funded at closing and an undrawn $100 million revolving credit facility (the "New Senior ... |
| | | 07/30/03 | KINETIC CONCEPTS, INC. COMMENCES CONSENT SOLICITATION RELATING TO 9 5/8% SENIOR SUBORDINATED NOTES DUE 2007| San Antonio, Texas, July 30, 2003 - Kinetic Concepts, Inc. (the "Company") today announced that it is soliciting consents from the holders of its 9 5/8% Senior Subordinated Notes due 2007 (the "Notes"). The Company is seeking consents to proposed amendments of certain provisions of the indenture pursuant to which the Notes were issued. The solicitation is expected to remain open until 5:00 P.M., New York City time, on Wednesday, August 6, 2003, unless extended to a later time or date.
The p... |
| | | 07/24/03 | KINETIC CONCEPTS PRICES $205 MILLION OF 7 3/8% SENIOR SUBORDINATED NOTES DUE 2013| San Antonio, Texas, July 24, 2003 - Kinetic Concepts, Inc. (the "Company") today announced the pricing of $205.0 million of Series A 7 3/8% Senior Subordinated Notes Due 2013 to be issued to qualified institutional buyers pursuant to Rule 144A and to non-"U.S. Persons" pursuant to Regulation S. The Notes will be unsecured obligations of the Company, ranking junior in right of payment to all senior debt of the company, and will be guaranteed by certain domestic subsidiaries of the Company. The ... |
| | | 07/15/03 | KINETIC CONCEPTS TO OFFER $205 MILLION OF SENIOR SUBORDINATED NOTES DUE 2013| San Antonio, Texas, July 15, 2003-Kinetic Concepts, Inc. announced today that it intends to offer $205.0 million of Series A Senior Subordinated Notes Due 2013 to qualified institutional buyers pursuant to Rule 144A and Regulation S. The Notes are expected to be unsecured obligations of the company, ranking subordinate in right of payment to all senior debt of the company.
The Company intends to use the net proceeds from the offering, plus (1) term loan borrowings under a new senior credit f... |
| | | 07/14/03 | KINETIC CONCEPTS REPORTS EARNINGS GROWTH FOR THE SECOND QUARTER OF 2003| San Antonio, Texas, July 14, 2003 - Kinetic Concepts, Inc. ("KCI") today reported second quarter 2003 net earnings of $19.0 million on revenue of $182.5 million, compared to net earnings for the second quarter of 2002 of $11.6 million on revenue of $137.1 million. The second quarter 2003 results reflect overall revenue growth of 33.1% while net earnings increased 64.0% compared to the second quarter of 2002. Operating earnings for the second quarter of 2003 were $35.8 million, up 36.8% from th... |
| | | 07/11/03 | KINETIC CONCEPTS, INC. ANNOUNCES NEW BANK FACILITY COMMITMENT| San Antonio, Texas, July 11, 2003 - Kinetic Concepts, Inc. ("KCI") today announced that it has entered into a commitment letter with Morgan Stanley Senior Funding, Inc. and Credit Suisse First Boston for a new senior secured credit facility. The new facility would be composed of a $480 million term loan and a $100 million revolving credit facility. The proceeds from this new credit facility are anticipated to be used as part of a recapitalization of the company which is expected to include rep... |
| | | 05/13/03 | KINETIC CONCEPTS REPORTS RECORD FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2003| San Antonio, Texas, May 13, 2003 - Kinetic Concepts, Inc. ("KCI") today reported first quarter 2003 net earnings of $16.9 million on revenue of $166.6 million, compared to prior-year net earnings of $8.4 million on revenue of $127.1 million. The first quarter 2003 results reflect overall revenue growth of 31.0% while net earnings doubled period-to-period. Operating earnings for the first three months of 2003 were $33.1 million, up 34.7% from the prior year. EBITDA for the quarter ended March ... |
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