Lifecell Bought Out By Kinetic Concepts

by Heather

Kinetic Concepts (KCI) recently announced that they are buying out Lifecell (LIFC) for 1.7 Billion dollars in cash. Kinetics plans to expand and diversify Lifecell’s offerings, which is currently based on tissue repair.

Kinetic offers advanced wound care and therapeutic support systems.

Kinetic offered $51.00 a share. LIFC’s shares were trading above $50.00 at pre-market today.

“This combination allows us to accelerate our strategy to increase KCI’s presence in the operating room and will leverage our broad global market reach to drive future growth of LifeCell’s products.” KCI Chief Executive Catherine Burzik said in a statement.

The boards of both companies unanimously approved of the transaction.