Tuesday, August 16, 2011

Kinetic Concepts Rallies On Speculation Of A Higher Bid

Shares of Kinetic Concepts Inc. (NYSE: KCI) rallied more than 3% Tuesday Bloomberg reported that the company could receive a higher takeover offer. Bain Capital LLC and Avista Capital Partners LLC are seeking to raise financing for a takeover offer for Kinetic Concepts Inc. that would top Apax Partners LLP’s $5 billion bid, Bloomberg reported, citing people familiar with the plan. Kinetic Concepts, Inc., a medical technology company, engages in the discovery, development, manufacture, marketing, rental, and sale of therapies and products for the advanced wound care, regenerative medicine, and therapeutic support system markets in the United States and internationally. Stay tuned for more.

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