Blum Capital distributes shares of Kinetic Concepts

By Lisa Kerner

Charlotte, N.C., Feb. 14 - Blum Capital Partners LP reported the distribution of 171,930 shares of Kinetic Concepts, Inc. common stock on Dec. 11 and 744,771 shares on Feb. 11 to limited partners in two of the limited partnerships for which Blum is the general partner.

In addition, Blum Capital transferred 93,823 shares of common stock to Blum LP and affiliates.

The transactions were reported in a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 6,313,351 shares, or 8.8%, of the San Antonio-based medical technology company.

In August, Blum Capital and its affiliates entered into a plan with Merrill Lynch, Pierce, Fenner & Smith Inc. to purchase up to 3.5 million shares of Kinetic's common stock under the requirements of the Securities and Exchange Commission's rule 10b5-1.

The plan will end on the earliest of:

• Aug. 27, 2008;

• The completion of all purchases contemplated by the plan;

• The date the plan no longer complies with rule 10b5-1 or other applicable securities laws; or

• The date the fund or Merrill Lynch has not complied with the plan, rule 10b5-1 or other applicable securities laws.

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