Essity Acquires US-Based Wound Treatment Company Hydrofera

Date:

Essity, a hygiene and health company, has acquired Hydrofera, a technology and product provider of advanced wound healing in the United States. The purchase price is $ 116 million and the additional revenue on a cash and debt-free basis could be $ 15 million. It supports Essity’s strategic priority of growing through the acquisition of medical solutions.

Founded in 1996, Hydrofera is the developer of Hydroferablue antibacterial wound dressing, an advanced product line of wound care products designed to reduce healing times, reduce treatment costs and achieve better patient outcomes. .. With about 90 employees, the company is headquartered in Manchester, Connecticut and has offices in more than 15 countries, Essity said in a press release.

During the first nine months of 2021, Hydrofera reported net sales of $ 20.7 million (EBITDA was $ 5.9 million, with sales growth of 22% in the first nine months of 2021; 2020. The company reported net sales of approximately $ 23.5. EBITDA was $ 4.6 million, EBITA was $ 4.3 million, and the EBITA margin was 18.1%. Sales growth in 2020 was 13%. The acquisition is expected to increase Essity’s profit per share in 2022.

Essity, a hygiene and health company, has acquired Hydrofera, a technology and product provider of advanced wound healing in the United States. The purchase price is $ 116 million and the additional revenue on a cash and debt-free basis could be $ 15 million. It supports Essity’s strategic priority of growing through the acquisition of medical solutions.

“The acquisition of Hydrofera is yet another excellent strategic fit for Essity, further enhancing our innovation capabilities and expanding our offerings in advanced wound care. The company has significantly accelerated healing and patients. There are innovations that reduce the discomfort of. ” Ulrika Kolsrud, President of Health and Medical Solutions at Essity Said in a statement.

Hydrofera has direct sales capabilities and maintains the status of contracts and preferred providers with leading domestic medical / surgical distributors and purchasing groups in the US and Canadian healthcare markets. The product is used in a full range of care, including hospitals, wound clinics, long-term care facilities, and home care. The product suite is designed to meet the requirements of different wound care needs.

Fiber2Fashion News Desk (GK)

(function () {
var e = document.createElement(‘script’);
e.src = document.location.protocol + ‘//connect.facebook.net/en_US/all.js’;
e.async = true;
document.getElementById(‘fb-root’).appendChild(e);
}());
window.fbAsyncInit = function () {
FB.init({ appId: ‘1639088046145622’, version: 2.4, xfbml: true });
if (typeof facebookInit == ‘function’) {
facebookInit();
}
};
function facebookInit() {
FB.XFBML.parse();
}

$(document).ready(function () {
var newsId = $(“#hdnnewsId”).val();
//GetPrevNextNews(newsId)
//CreateReadNewsCookie(newsId)
var hdnAudioURL = $(“#hdnAudioURL”).val();
var hdnIsDisplayAudioPlayer = $(“#hdnIsDisplayAudioPlayer”).val();

if (hdnIsDisplayAudioPlayer != undefined && hdnIsDisplayAudioPlayer != ” && hdnIsDisplayAudioPlayer != null
&& hdnIsDisplayAudioPlayer != ‘undefined’ && hdnIsDisplayAudioPlayer.toLowerCase() == ‘true’) {
if (hdnAudioURL != undefined && hdnAudioURL != ” && hdnAudioURL != null && hdnAudioURL != ‘undefined’) {
AppendAudioControltoDiv(hdnAudioURL)
}
}
});

function AppendAudioControltoDiv(hdnAudioURL) {
$(“#divaudioid”).prepend(““);
}

Essity Acquires US-Based Wound Treatment Company Hydrofera

Source link Essity Acquires US-Based Wound Treatment Company Hydrofera

The post Essity Acquires US-Based Wound Treatment Company Hydrofera appeared first on Eminetra.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

Are governments all for flexibility when regulating crypto? The answer is…

California Governor Gavin Newsom has vetoed a bill that...

Leftists To Protest Arizona Judge’s Ruling On Arizona Abortion Ban – Lifts Planned Parenthood’s Injunction

Leftists To Protest Arizona Judge's Ruling On Arizona Abortion...

Convex Finance: 13 unlocks later, CVX stands far from investor anticipation 

Convex Finance, a DeFi protocol built on Curve Finance,...

BREAKING BIG: Wisconsin County Takes Control Away from Dominion

BREAKING BIG: Wisconsin County Takes Control Away from Dominion...