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$1,650.4 million (2015)[1] |
| US$436.8 million (2015) | |
Number of employees | 9,000 (2016)[2] |
| Website |
www |
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.
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] It acquired Unomedical, a manufacturer of single-use medical devices, in 2008[4] and 180 Medical, a catheter manufacturer, in 2012.[5]
In June 2015 the company won a Court of Appeal ruling that rewrote the laws of mathematics in the patent context, holding the number one no longer has singular properties, but exists on a scale of 0.5 - 1.49.[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.[2]
Operations
The company has 9,000 employees and operates in more than 100 countries.[2]
References
- ↑ "Intention to float". ConvaTec. Retrieved 3 December 2016.
- 1 2 3 "ConvaTec valued at £4.4bn in biggest London listing this year". The Independent. 26 October 2016. Retrieved 3 December 2016.
- 1 2 "ConvaTec to raise $1.8bn through London IPO". Financial Times. 3 October 2016. Retrieved 3 December 2016.
- ↑ "ConvaTec Completes Acquisition of Unomedical". Biospace. 3 September 2008. Retrieved 3 December 2016.
- ↑ "ConvaTec snags catheter maker for $321M". Fierce Biotech. 4 September 2012. Retrieved 3 December 2016.
- ↑ "What exactly does 'one' mean? Court of Appeal passes judgement on thorny mathematical issue". The Independent. 27 June 2015. Retrieved 3 December 2016.