Hill-Rom (HRC) Sells Patents & Intellectual Property Relating to Negative Pressure Wound Therapy to Kinetic Concepts (KCI)
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Hill-Rom (NYSE: HRC) announced the sale of Hill-Rom's patents and intellectual property relating to Negative Pressure Wound Therapy (NPWT) to Kinetic Concepts, Inc. (NYSE: KCI). Hill-Rom's NPWT portfolio included U.S. and foreign patents and patent applications covering innovations to NPWT components, protocols, and related therapies. The transaction is effective immediately.
Terms were not disclosed.
Hill-Rom is a worldwide manufacturer and provider of medical technologies and related services for the health care industry, including patient support systems, safe mobility and handling solutions, non-invasive therapeutic products for a variety of acute and chronic medical conditions, medical equipment rentals, and information technology solutions.[SM]
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