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ConvaTec Completes Acquisition of 180 Medical, Leader in Home Delivery of Intermittent Catheters


10/1/2012 10:26:54 AM

SKILLMAN, N.J., Sept. 28, 2012 /PRNewswire/ -- ConvaTec, a world-leading developer and marketer of innovative medical technologies for community and hospital care, announced today it has completed the acquisition of 180 Medical Holdings, Inc. ("180 Medical").

180 Medical is a leader in the home delivery of disposable, intermittent catheters and urologic medical supplies in the U.S. The company will continue to operate as 180 Medical out of its headquarters in Oklahoma City, Oklahoma.

"180 Medical significantly strengthens ConvaTec's position in the fast-growing U.S. self-catheterization market, with a proven and successful home-delivery model," said Ken Berger, CEO of ConvaTec.

The U.S. market for disposable, intermittent catheters is estimated at $1 billion, with catheter customers increasingly opting for the convenience and privacy of home delivery.

"180 Medical has grown rapidly in recent years thanks to a distinctive approach to customer care," said Todd Brown, founder and CEO of 180 Medical, whose personal experience following a spinal cord injury helped shape the company's business model. "Together with ConvaTec, we look forward to continuing to provide quality services and support for patients who self catheterize."

About ConvaTec
ConvaTec is a leading developer and marketer of innovative medical technologies that have helped improve the lives of millions of people worldwide. With four key focus areas Ostomy Care, Wound Therapeutics, Continence and Critical Care and Infusion Devices ConvaTec products support healthcare professionals from the hospital to the community health setting. For more information, please visit www.convatec.com.

About 180 Medical
180 Medical is one of America's fastest growing "Nationally Accredited" providers of sterile use catheters, urologic and disposable medical supplies. Based in Oklahoma City, the company is dedicated to meeting the supply needs of customers with chronic medical diagnoses such as Urinary Incontinence, Spinal Cord Injuries, Multiple Sclerosis, Transverse Myelitis, Spina Bifida, and many other urologic conditions that require catheterization. For more information, please visit www.180medical.com.

Investor Relations Contact

Media Contact



Tim Winston

Punnie Donohue

ConvaTec

ConvaTec

1-908-904-2988

1-908-904-2151

investorrelations@convatec.com

mediarelations@convatec.com

SOURCE ConvaTec



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