Kimberly-Clark Health Care Acquires Anesthesia Business from Life-Tech
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.
"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.
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
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