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Home > KCI in stealthy buyout of MoMelan | Wall Street Beat

KCI in stealthy buyout of MoMelan | Wall Street Beat

Mass Device

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

MassDevice.com Wall Street Beat

Kinetic Concepts [1] 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 [2].


Source URL (retrieved on 05/25/2013 - 3:46am): http://www.mdtmag.com/news/2012/11/kci-stealthy-buyout-momelan-wall-street-beat

Links:
[1] http://www.massdevice.com/company/kinetic-concepts-inc
[2] http://www.xconomy.com/boston/2012/11/16/momelan-technologies-stealthily-acquired-by-kinetic-concepts/