ConvaTec

ConvaTec
Public limited company
Traded as LSE: CTEC
Industry Medical Devices
Founded 1978
Headquarters Reading, Berkshire
Key people
 Sir Christopher Gent, Chairman
Paul Moraviec, CEO
Products Wound and skin care, ostomy care, continence and critical care, infusion devices
Revenue US$1,764.6 million (2017)[1]
US$247.8 million (2017)[1]
US$158.4 million (2017)[1]
Number of employees
 8,500 (2018)[2]
Website www.convatecgroup.com

ConvaTec Group plc is an international medical products and technologies company, offering products and services in the areas of wound and skin care, ostomy care, continence and critical care and infusion devices. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was established as a division of E.R. Squibb & Sons, Inc. in 1978[3] and acquired by Nordic Capital and Avista Capital Partners in 2008.[3] In 2008 merged with Unomedical (with headquarters in Denmark), a manufacturer of single-use medical devices,[4] and 180 Medical, a catheter manufacturer, in 2012.[5]

In June 2015 the company won a Court of Appeal ruling that determined that in the context of a patent "between 1% and 25%" should be interpreted rounding to the nearest 1%, so that an attempt to circumvent a patent by using the value 0.9% failed.[6] In October 2016 the company was valued at £4.4bn in the largest initial public offering on the London Stock Exchange in the year.[7]

Operations

The company has 9,000 employees and operates in more than 100 countries.[7]

References

  1. 1 2 3 "Annual Report 2017" (PDF). ConvaTec. Retrieved 15 February 2018.
  2. ↑ "Company overview". ConvaTec. Retrieved 29 March 2018.
  3. 1 2 "ConvaTec to raise $1.8bn through London IPO". Financial Times. 3 October 2016. Retrieved 3 December 2016.
  4. ↑ "ConvaTec Completes Acquisition of Unomedical". Biospace. 3 September 2008. Retrieved 3 December 2016.
  5. ↑ "ConvaTec snags catheter maker for $321M". Fierce Biotech. 4 September 2012. Retrieved 3 December 2016.
  6. ↑ "What exactly does 'one' mean? Court of Appeal passes judgement on thorny mathematical issue". The Independent. 27 June 2015. Retrieved 3 December 2016.
  7. 1 2 "ConvaTec valued at £4.4bn in biggest London listing this year". The Independent. 26 October 2016. Retrieved 3 December 2016.
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