Ethicon completes divestiture of professional wound care business

Medical Textiles, Jan, 2009

Ethicon, a Johnson & Johnson company, has completed the divestiture of its Professional Wound Care business to One Equity Partners. Financial terms of the transaction were not disclosed.

Under the terms of the transaction, One Equity Partners has acquired the Professional Wound Care product portfolio, which contains such advanced wound care brands as Promogran Matrix Wound Dressing, Tielle Hydropolymer Dressing and Regranex (becaplermin) Gel 0.01%, a prescription treatment for lower extremity diabetic ulcers, as well as a portfolio of general wound care products.

The professional wound care product portfolio will be marketed and distributed by Systagenix Wound Management, a new company created by One Equity Partners. Around 700 employees/contractors supporting the business will transfer to the new company.

(See also Medical Textiles, August 2008, page 10.)

For further information, contact: Ethicon Inc, Route 22 West, PO Box 151, Somerville, NJ 08876, USA. Tel: 908-218-0707. http://www.ethiconinc.com; or: Dick Cashin, Managing Partner, One Equity Partners LLC, 320 Park Avenue, 18th Floor, Between 50th and 51st, New York, NY 10022, USA. Tel: 212-277-1500. Fax: 212-277-1533. E-mail: oep.info@oneequity.com; http://www.oneequity.com