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Kinetic Concepts and LifeCell Agree Amicably to $1.7 Billion Buyout Deal
By: News Visual   Monday, April 07, 2008 4:42 PM

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(NewsVisual, powered by IntellectSpace) -- In a deal that could have been propelled forward by virtue of a close set of personal connections between the two companies’ senior leadership teams, Kinetic Concepts Inc (NYSE:KCI) announced on Monday that it will acquire LifeCell Corporation (NASDAQ:LIFC) for $51.00 per share or $1.7 billion in cash.

The Boards of Directors of both companies have unanimously approved the transaction, KCI reported in its statement.

LifeCell, which creates tissue repair products for use in reconstructive, urogynecologic and orthopedic surgical procedures, will operate as a separate division within KCI.

“LifeCell is an exceptional strategic fit for us,” said KCI CEO/President Catherine Burzik in the company’s statement.

“The acquisition of LifeCell provides additional long-term growth opportunities, benefiting patients and physicians and delivering sustained value to our shareholders. The acquisition brings together two respected market leaders with well-established best-in-class technologies,” Ms Burzik added.

NewsVisual decided to create an IntellectSpace Knowledge Map in order to illustrate the personal connections between several of the Directors and Senior Executives at KCI and LifeCell.

The Knowledge Map shows that there are five separate sets of personal connections between the two companies.

The most prominent connection, however, is between KCI Chairman Ronald W Dollens and LifeCell Director Michael R Minogue. They are linked via Abiomed Inc (NASDEQ:ABMD), a company for which Mr Minogue is the current Chairman and for which Mr Dollens is a current Director.  They are also linked via the biotechnology trade group the Advanced Medical Technology Association.



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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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