Officials from Kimberly-Clark said in the report that the acquisition would increase its medical devices sales by 50 percent and is part of the company’s strategy to move into "higher-growth, higher-margin medical devices." Both companies have approved the deal and expect to close by the end of the fourth quarter.
Kimberly-Clark also bought privately held Baylis Medical Co. for an undisclosed price last week.
Kimberly-Clark’s healthcare division as the only one to register sales growth for the company, according to the report. Last year, the division had $1.22 billion in sales, and it is up 4.8 percent to $633 million for the first six months of 2009.
Read the WSJ’s report about Kimberly-Clark’s acquisition of I-Flow.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
