Advertisement

Skin graft company MoMelan is acquired in a stealthy buyout by Kinetic Concepts Inc., Xconomy reports.

MassDevice.com Wall Street Beat

Kinetic Concepts executed an under-the-radar buyout of skin graft developer MoMelan Technologies, according to Xconomy.com, citing an anonymous investor in MoMelan.

The acquisition, to which the investor declined to assign a value, is "a good outcome for everybody – founders, investors, employees," according to the unnamed source.

KCI asked MoMelan to keep the deal under wraps, according to Xconomy.

Advertisement
Advertisement