由 Joan Trombetti
, Writer | April 01, 2009
Kinetic Concepts, Inc. recently announced cost reduction initiatives to improve the company's cost structure and maximize its growth potential. The initiatives will enhance the company's potential to increase shareholder value and improve operational efficiency and effectiveness by streamlining its organizational structure and workforce and evaluating expenditures.
Streamlined Organizational Structure
As part of its multi-pronged cost reduction efforts, KCI has created a Global Shared Services Team (GSST). A major undertaking designed to improve the company's overall productivity and performance, the GSST will help optimize KCI's resources through improved process design and organizational structure.
Quest Imaging Solutions provides all major brands of surgical c-arms (new and refurbished) and carries a large inventory for purchase or rent. With over 20 years in the medical equipment business we can help you fulfill your equipment needs
In addition to the above measures, KCI has done a thorough evaluation across all levels of its workforce. As a result of this evaluation, and combined with changes previously announced in the 4th quarter of 2008, KCI expects to reduce its global workforce by approximately four percent, or approximately 300 employees. We anticipate that these activities will result in a first quarter 2009 charge of approximately $7-10 million before income taxes. Additional details will be provided during our regularly scheduled first quarter earnings conference call.
Kinetic Concepts, Inc. is a leading global medical technology company devoted to the discovery, development, manufacture and marketing of innovative, high-technology therapies and products for the wound care, tissue regeneration and therapeutic support system markets. Headquartered in San Antonio, Texas, KCI's success spans more than three decades and can be traced to a history deeply rooted in innovation and a passion for significantly improving the healing - and the lives - of patients around the world.
KCI's three primary businesses include:
Advanced Wound Care - Includes KCI's proprietary Vacuum Assisted Closure®, or V.A.C.® Therapy System, which has been clinically demonstrated to promote wound healing through unique mechanisms of action while reducing the overall cost of treating patients with complex wounds.
Regenerative Medicine - Represented by KCI's LifeCell business and includes tissue-based products for use in reconstructive, orthopedic and urogynecologic surgical procedures to repair soft tissue defects.
Therapeutic Support Systems - Includes specialty hospital beds, mattress replacement systems and overlays designed to address pulmonary complications associated with immobility, to reduce skin breakdown and assist caregivers in the safe and dignified handling of patients of size.
The company employs approximately 7,000 people and markets its products in more than 20 countries. For more information about KCI, and how its products are changing the practice of medicine, visit www.kci1.com.