Navigation Links
ConvaTec Announces Divestiture of Unomedical Wound Care and Ophthalmics Business

SKILLMAN, N.J., Feb. 27 /PRNewswire/ -- ConvaTec, a world-leading developer and marketer of innovative medical technologies for community and hospital care, announced today that it has completed the divestiture of the Unomedical Wound Care and Ophthalmics business to Aspen Surgical Products Holding, Inc. Aspen is a portfolio company of RoundTable Healthcare Partners, an operating-oriented private equity firm focused exclusively on the healthcare industry.

The divestiture of the Unomedical Wound Care and Ophthalmics business was a requirement of the European Commission following the acquisition of ConvaTec by Nordic Capital and Avista Capital Partners and the subsequent integration of the Unomedical business with ConvaTec.

Under the terms of the agreement, Aspen has acquired the entire Unomedical Wound Care and Ophthalmics business activities as a going concern, including all personnel and the continued use of the facilities in Redditch, U.K. Financial terms of the agreement are not being disclosed.

PriceWaterhouseCoopers served as corporate finance advisor for ConvaTec and The Wilkes Partnership served as legal counsel for the company.

About ConvaTec

ConvaTec is a leading developer and marketer of innovative medical technologies that have helped improve the lives of millions of people worldwide. With four key business divisions -- Ostomy Care, Wound Therapeutics, Continence and Critical Care and Infusion Devices -- ConvaTec products support health care professionals from the hospital to the community health setting. From its headquarters in Skillman, New Jersey, the company oversees more than 8,000 employees in over 90 countries serving consumers and their health care professionals on six continents. ConvaTec is owned by Nordic Capital and Avista Capital Partners. For more information, please visit

    Punnie Donohue

Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. ConvaTec Announces Expanded Indications for AQUACEL(R) and AQUACEL(R) Ag Dressings in Management of Surgical Wounds
2. ConvaTec Launches New Lifestyle Magazine for People With an Ostomy
3. ConvaTec Names Presidents of Wound Therapeutics and Ostomy Care Business Units
4. ConvaTec Launches SUR-FIT Natura(R) Low-Pressure Adaptor
5. Relationship and Results Oriented Healthcare Announces New Faculty With Impressive Patient Satisfaction Scores
6. HealthSouth Issues Preliminary Comments on the Presidents Healthcare Budget Proposal and Announces Plans to Host a Conference Call
7. Alseres Pharmaceuticals, Inc. Announces $200,000 Financing
8. Abbott Announces Required Offer to Repurchase Convertible Senior Subordinated Notes of Its AMO Subsidiary
9. Nuvo announces 2008 fourth quarter and year-end financial results
10. Interleukin Genetics Announces Conference Call to Discuss Fourth Quarter 2008 Results
11. Video: Novalar Announces the Launch of OraVerse(TM) the First Dental Anesthesia Reversal Agent
Post Your Comments:
(Date:6/26/2016)... ... , ... PawPaws brand pet supplements owned by Whole Health Supply ... health of felines. The formula is all-natural and is made from Chinese herbs that ... Cat Kidney Support Supplement Soft Chews are Astragalus Root Extract and Rehmannia Root ...
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from the American ... Annual Research Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. ... including advance care planning, healthcare costs and patient and family engagement. , AIR ...
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand gesture ... said Christina Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s package ... Final Cut Pro X . Simply select a ProHand generator and drag it ...
(Date:6/25/2016)... ... June 25, 2016 , ... ... recover from injury. Recently, he has implemented orthobiologic procedures as a method for ... is one of the first doctors to perform the treatment. Orthobiologics are substances ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article ... are unfamiliar with. The article goes on to state that individuals are now more ... these less common operations such as calf and cheek reduction. The Los Angeles area ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... June 24, 2016   Bay Area Lyme ... Dean Center for Tick Borne Illness , ... Rehabilitation, MIT Hacking Medicine, University of California, Berkeley, ... announced the five finalists of Lyme Innovation ... More than 100 scientists, clinicians, researchers, entrepreneurs, and ...
(Date:6/24/2016)... , June 24, 2016  American Respiratory Labs (ARL), a ... now able to perform sophisticated lung assessments in patients, homes, thanks ... Inc. Patients are no longer limited to having ... PRO ® , ARL patients like Jeanne R. of ... the comfort of her own home. ...
(Date:6/24/2016)... June 24, 2016  Arkis BioSciences, a leading ... and more durable cerebrospinal fluid treatments, today announced ... Series-A funding is led by Innova Memphis, followed ... other private investors.  Arkis, new financing will accelerate ... the market release of its in-licensed Endexo® technology. ...
Breaking Medicine Technology: