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KCI carves out TSS bedmaking biz to Getinge for $275M | Wall Street Beat

Fri, 11/09/2012 - 1:25pm
Mass Device

Kinetic Concepts Inc. sells off its Therapeutic Support Systems hospital bed business to Getinge for $275 million.

MassDevice.com Wall Street Beat

Kinetic Concepts said it's closed the sale of its Therapeutic Support Systems business to Swedish medical device company Getinge (PINK:GETI B) for $275 million.

The deal for the 1,300-worker KCI unit, which makes specialty therapeutic beds, calls for the San Antonio, Texas-based wound care giant to provide "certain transition services to Getinge for a period of time," according to a press release. The TSS business pulled in $247 million in sales last year, according to a separate release.

Getinge said the deal will augment its extended care business, better balancing equipment sales and recurring revenues. About 60% of TSS's business comes from the U.S., the company said.

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