Kinetic to acquire LifeCell for $1.7B
Kinetic Concepts, a USA-based medical technology company with leadership positions in advanced wound care and therapeutic support systems, and LifeCell Corp, which is engaged in innovative tissue repair products for use in reconstructive, urogynecologic and orthopedic surgical procedures, have signed a definitive agreement whereby the former will acquire the latter for $51.00 per share, or $1.7 billion in cash.
The offer represents an 18% premium over the closing price of LifeCell's stock on April 4, and 26% more over the 90-day volume weighted average trading price. The boards of directors of both companies have unanimously approved the transaction.
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