SAN ANTONIO - Friday, November 9th 2012 [ME NewsWire]
(BUSINESS WIRE)-- Today, Kinetic Concepts, Inc. (KCI) announced that it has closed the sale of its Therapeutic Support Systems™ (TSS) business to Getinge AB (sto: GETIB) for a total deal value of $275 million.
The TSS business, now owned by Getinge, includes a comprehensive portfolio of specialty therapeutic beds, mattress replacement systems, support surfaces and patient mobility devices for the therapeutic wound care, bariatric and critical care settings. To ensure that TSS customers continue to receive best-in-class service and commitment following the closing, KCI will continue to provide certain transition services to Getinge for a period of time.
"Changing the clinical practice of medicine, a core competency that originated with the founding of the TSS business, is and will continue to be, fundamental to all we do at KCI," said Joe Woody, president & CEO, KCI, "As we close this corporate chapter and op
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