S&P affirms Kinetic Concepts

Standard & Poor's said it affirmed its ratings, including the BB corporate credit rating, on Kinetic Concepts Inc.

The outlook is stable.

The agency said that this follows Kinetic Concepts's announcement that it will acquire tissue repair products company LifeCell Corp. for $1.7 billion in cash, adding that it had already factored a debt-financed acquisition of this size into our ratings on Kinetic Concepts.

Therefore, the ratings are unaffected, the agency said, noting that details surrounding the proposed financing of the transaction remain largely undisclosed.

S&P noted that the acquisition of LifeCell is a significant step in Kinetic Concepts's strategy to become a more diversified medical products company.

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