BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Kimberly-Clark Corporation (KMB) Heath Care Acquires Anesthesia Business From Life-Tech


4/2/2013 10:12:02 AM

DALLAS, April 2, 2013 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) today announced the acquisition of the anesthesia business of Life-Tech, Inc., a Texas-based medical device manufacturer. The acquisition is comprised of needles, catheters and accessories associated with peripheral nerve block (PNB) procedures. The newly acquired assets will become part of Kimberly-Clark's Health Care business and will be added to K-C Health Care's ON-Q® family of products. Other business segments of Life-Tech are not included in this transaction.

(Logo: http://photos.prnewswire.com/prnh/20110928/DA76879LOGO)

"Having previously distributed Life-Tech's anesthesia-based product portfolio, this acquisition fits strategically with our vision of being the leader in comprehensive PNB solutions," said Joanne Bauer, president, Kimberly-Clark Health Care. "The Life-Tech assets will allow ON-Q® to capitalize on its leading position in the pain pump market and enhance margins on these products through internal manufacturing."

"Life-Tech pursued this opportunity because we believe that K-C Health Care will provide our customers with a wider array of services, products and expanded support," said Alfred C. Coats, president and CEO of Life-Tech.

The financial details of the transaction are not being disclosed.

Kimberly-Clark in the Healthcare Environment

Around the world, medical professionals turn to Kimberly-Clark for a wide portfolio of solutions that improve the health, hygiene and well-being of their patients and staff. As part of their healing mission, caregivers rely on Kimberly-Clark to deliver clinical solutions, hygiene & cleaning offerings, and educational resources that they can depend on to prevent, diagnose and manage a wide variety of healthcare-associated infections. A global enterprise of more than $1 billion, Kimberly-Clark Health Care holds the No. 1 or No. 2 market share position in several categories, including infection control solutions, surgical solutions, pain management, hygiene solutions and digestive health. And throughout the care continuum, patients and staff alike trust Kimberly-Clark medical supplies and devices, KLEENEX tissues, KLEENEX & SCOTT skin care products and SCOTT towels for day-to-day needs. For more information, visit http://www.kchealthcare.com and http://www.kcprofessional.com.

About Kimberly-Clark

Kimberly-Clark Corp. (NYSE: KMB) and its well-known global brands are an indispensable part of life for people in more than 175 countries. Every day, nearly a quarter of the world's population trust K-C's brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds the No. 1 or No. 2 share position in more than 80 countries. To keep up with the latest K-C news and to learn more about the company's 141-year history of innovation, visit www.kimberly-clark.com or follow us on Facebook or Twitter.

SOURCE Kimberly-Clark Corporation



Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES