LifeCell acquired by Kinetic Concepts

By Lisa Kerner

Charlotte, N.C., May 27 - Kinetic Concepts, Inc. completed its acquisition of LifeCell Corp. following the end of its subsequent $51-per-share tender offer on Friday.

About 31.1 million shares, or 90.75%, of LifeCell common stock were tendered, according to a Kinetic Concepts news release.

Following the merger, LifeCell's common stock ceased trading on the Nasdaq Global Market.

On April 7, Kinetic Concepts announced it would acquire LifeCell for $1.7 billion.

As previously reported, LifeCell will operate as a new global biosurgery division within Kinetic Concepts led by current LifeCell president Paul Thomas, who will also join Kinetic Concepts' executive committee.

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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