Kinetic Concepts, Systagenix deal

Kinetic Concepts will acquire Systagenix for $485 million. The deal, which will be financed with a combination of cash and debt, is slated to close next quarter. Private equity firm One Equity Partners established Systagenix in 2008 to market products gained in its acquisition of the Professional Wound Care business of the Ethicon Inc. subsidiary of Johnson & Johnson (NYSE:JNJ; New Brunswick, N.J.). Goldman Sachs; BofA Merrill Lynch; and Morgan Stanley advised KCI. Simpson Thacher & Bartlett LLP and Kirkland & Ellis LLP are legal advisors to KCI, and Jones Day is legal advisor to Systagenix. Kinetic Concepts reported 2012 revenues of $1.3 billion (see BioCentury, Dec. 8, 2008). ...