SAN ANTONIO--(BUSINESS WIRE)-- Kinetic Concepts, Inc. (NYSE:KCI) today announced the acquisition of substantially all of the assets and intellectual property of TechniMotion Medical, an Austin, Texas-based company that designs and develops innovative and ergonomic patient handling systems for acute and post-acute patient care.
Among other innovations, TechniMotion™ products include patient lifts that enable out-of-bed transfers, seated transfers, and basic sit-to-stand maneuvers in a more comfortable and natural position, and a reclining bedside chair that allows bed transfers to be performed over the patient’s mattress.
The products, which promote safe patient handling, will be marketed through KCI’s Therapeutic Support Systems (TSS) division. TSS provides a portfolio of beds, mattress replacement systems, and other products for wound care, bariatric care and critical care settings.
“The novel systems from TechniMotion are a natural fit to our suite of products that are focused on providing a continuum of care and improved patient outcomes,” said Steve Seidel, Global President, Therapeutic Support Systems. “Unlike other patient lifts for instance, TechniMotion’s lift provides greater patient comfort and can be handled by just one caregiver, reducing the risk of injury and bringing real efficiencies to the hospital and home care setting.”
The medical lift market is approximately $220 million annually in the United States, with significant future growth opportunity.
The initial launch of the products is expected this summer.
Forward Looking Statements
This press release contains forward-looking statements regarding management's estimated market size for the medical lift market in the U.S. as well as KCI's expectations for TSS product availability in the U.S. medical lift market. Forward-looking statements may contain words such as believes, expects, anticipates, estimates, projects, intends, should, seeks, future, continue, or the negative of such terms, or other comparable terminology. Forward-looking statements are subject to risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. In particular, our ability to recognize sales and profitability from our TSS products in the U.S. market is subject to all the risks associated with the commercialization of products based on innovative technologies in new markets, including a lack of acceptance of our products or services by customers targeted by KCI, changes in business strategy, the introduction of competing products or technologies by other companies and other factors beyond our control. Additional risks and factors are identified in KCI's filings with the U.S. Securities Exchange Commission (the SEC), including its Annual Report on Form 10-K for the fiscal year ending December 31, 2009, and Quarterly Reports on Form 10-Q for the quarters ended September 30, 2010, June 30, 2010 and March 31, 2010, which are available on the SEC's Web site at http://www.sec.gov. KCI undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
About KCI
Kinetic Concepts, Inc. (NYSE:KCI) is a leading global medical technology company devoted to the discovery, development, manufacture and marketing of innovative, high-technology therapies and products for the wound care, tissue regeneration and therapeutic support system markets. Headquartered in San Antonio, Texas, KCI's success spans more than three decades and can be traced to a history deeply rooted in innovation and a passion for significantly improving the healing and the lives of patients around the world.
The company employs approximately 6,800 people and markets its products in 20 countries. For more information about KCI, and how its products are changing the practice of medicine, visit www.KCI1.com.
All trademarks designated herein are proprietary to KCI Licensing, Inc. its affiliates and/or licensors.
CONTACT:
Kinetic Concepts, Inc.
Media:
Joe Izbrand, 210-255-6251 (Office)
210-867-9934 (Wireless)
[email protected]
Investors:
Todd Wyatt, 210-255-6157 (Office)
210-347-3540 (Wireless)
[email protected]
KEYWORDS: United States North America Texas
INDUSTRY KEYWORDS: Health Hospitals Medical Devices Medical Supplies Managed Care
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