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
support patients in critical care units with pulmonary complications
and bariatric patients. The company will also rename the business
Therapeutic Support Systems to better reflect the clinical value its
therapies offer to caregivers and patients. Lynne Sly, who recently
served as Interim President of KCI's international operations, will
now be fully dedicated to the company's Therapeutic Support Systems
operations as Global President of this business. Sly was previously
President of KCI's U.S. Therapeutic Surfaces business.
Previously, KCI's sales team members were responsible for selling
both the company's V.A.C.(R) Therapy System as well as therapeutic
surfaces. This move will allow dedicated focus for each line of
business, V.A.C. Therapy and Therapeutic Support Systems.
"The move to dedicated sales organizations in the U.S. market will
benefit both businesses," said Catherine Burzik, President and CEO.
"While our V.A.C. Therapy is clearly our leading growth business,
Therapeutic Support Systems represents KCI's heritage. We have a
history of quality, innovative products and services in this market.
We believe that new opportunities remain as we increase our focus on
this business. The new name also gives us the flexibility to add a
broader range of products in this business in the future."
"In 2007 we saw very good top line growth in this business," said
Lynne Sly, Global President - Therapeutic Support Systems for KCI.
"During 2008 we will focus on improving profitability by focusing on
new business opportunities globally in our wound care, bariatrics and
critical care franchises while simultaneously driving operational
efficiencies through our global manufacturing and service
Kinetic Concepts, Inc. is a global medical technology company with
leadership positions in advanced wound-care and therapeutic surfaces.
We design, manufacture, market and service a wide range of proprietary
products that can improve clinical outcomes and can help reduce the
overall cost of patient care. Our advanced wound-care systems
incorporate our proprietary Vacuum Assisted Closure(R), or V.A.C.(R)
Therapy technology, which has been demonstrated clinically to promote
wound healing through unique mechanisms of action and can help reduce
the cost of treating patients with serious wounds. Our therapeutic
surfaces, including specialty hospital beds, mattress replacement
systems and overlays, are designed to address pulmonary complications
associated with immobility, to reduce skin breakdown and assist
caregivers in the safe and dignified handling of obese patients. We
have an infrastructure designed to meet the specific needs of medical
professionals and patients across all health care settings, including
acute care hospitals, extended care organizations and patients' homes,
both in the United States and abroad. For more information, visit
This press release contains forward-looking statements. These
forward-looking statements are based on our current expectations and
are subject to a number of uncertainties. All information set forth in
this release is as of its date, and we undertake no duty to update
this information. More information about the company is described in
our Annual Report on Form 10-K for the fiscal year ended December 31,
2006, and our Quarterly Report on Form 10-Q for the fiscal quarter
ended September 30, 2007, both of which are on file with the SEC and
available at the SEC's Web site at www.sec.gov.
Kinetic Concepts, Inc., San Antonio
Kristie Madara, 210-255-6232
David Holmes, 210-255-6892
Kinetic Concepts, Inc.