KCI gets LifeCell for $1.7 billion
Kinetic Concepts, Inc. announced that it will purchase LifeCell Corporation for $1.7 billion in cash. LifeCell makes tissue repair products for use in reconstructive, urogynecologic and orthopedic surgical procedures. The boards of directors of both companies have unanimously approved the transaction. LifeCell will operate as a new global biosurgery division within KCI.