Kinetic Concepts, LifeCell merger clears waiting period hurdle

By Lisa Kerner

Charlotte, N.C., April 30 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in Kinetic Concepts, Inc.'s proposed acquisition of LifeCell Corp., according to a government release.

It was previously reported that Kinetic Concepts agreed to acquire LifeCell for $1.7 billion.

Kinetic Concepts subsidiary Leopard Acquisition Sub, Inc. began a $51-per-share tender offer for all of LifeCell's common stock on April 21. The tender offer is set to end at midnight ET on May 16.

Kinetic Concepts is a San Antonio medical technology company specializing in advanced wound care and therapeutic support systems.

LifeCell provides biological products for soft tissue repair, including its Alloderm regenerative tissue matrix for plastic reconstructive, general surgical, burn and periodontal procedures. The company is located in Branchburg, N.J.

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