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Kinetic Concepts announces Systagenix acquisition, appointment
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Kinetic Concepts Inc. has acquired Systagenix, a company focused on advanced wound care products based in the United Kingdom.
“The successful completion of the Systagenix acquisition marks an important milestone in the advancement of our long-term strategy as the global leader in transformational healing and solutions,” Joe Woody, President and CEO of KCI, stated in a press release from Kinetic Concepts.
Peter Huntley was named Senior Vice President of Systagenix. Prior to this appointment, he was CEO of Corin Group plc, where he worked to successfully rebuild the company’s orthopedics business. Huntley was a member of the Smith & Nephew executive committee for 10 years where he was Group Director, Strategy and Business Development, and Group Director, Indirect Markets, where he was responsible for sales and marketing of the orthopedic reconstruction, orthopedic trauma, endoscopy and wound management portfolios, according to the release.
“This is an incredible opportunity and I am excited to lead the Systagenix team and to continue to build on the franchise’s compelling brand and product offerings,” Huntley, stated in the release. “I also look forward to collaborating with my new colleagues to drive growth and customer value across the combined company.”
Ernest Waaser, the Systagenix departing CEO, will remain with the company a while to support the integration process, according to the release.