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KCI's Dennert O. Ware Named Medical Devices Industry CEO of the Year by Frost & Sullivan; Leading Industry Analyst Firm Singles out Ware for Leadership Excellence
Business Wire, March 14, 2006
SAN ANTONIO -- Kinetic Concepts, Inc. (NYSE: KCI), a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces, today announced the company's CEO, Dennert "Denny" Ware was named Medical Devices CEO of the Year by leading industry analyst firm Frost & Sullivan. Mr. Ware was recognized among industry peers for his leadership, vision and demonstrable impact on KCI's growth and performance. Each year, Frost & Sullivan identifies one CEO to represent a given industry; the awards program evaluates and tracks activity across several industry research groups.
"KCI's success stems from bold steps taken by Ware. The CEO brought dramatic cultural changes focused on achieving unprecedented goals. Through direction from Ware, KCI is now a trendsetter in advanced wound care and therapeutic surfaces," said Frost & Sullivan Research Analyst, Sheila Ewing.
Specifically, the Frost & Sullivan CEO of the Year Award distinguishes executives whose leadership has affected observable and positive change related to financial results and growth. In choosing the recipient, Frost & Sullivan tracks market developments and conditions in an industry, utilizing market participant interviews and extensive primary and secondary research to make an informed selection. Market share, growth, and penetration, as well as profit margins, stock price and overall industry impact in relation to CEO corporate organizational and strategic business actions are also considered as part of a comprehensive evaluation.
The award selection process is further held to rigorous performance measurement criteria and metrics including a CEO's vision, successful risk-taking, contributions to business strategy to grow market share and maintain competitive positioning, creation of business standards, and industry participation. For more specifics relating to the Award's history and selection process, please visit www.frost.com.
"I view this recognition as a great acknowledgment of the impact of the many dedicated individuals who work at KCI," commented Ware. "To that end, our organization is humbled by this award, particularly in the context of all the significant achievement in terms of innovation and performance affected by companies across the medical devices industry."
Ware added, "Since joining KCI in 2000, we have worked diligently to put in place an operational infrastructure for success, to build bridges with key stakeholders, to prove out the therapeutic and economic value of our core V.A.C. (R) Therapy products, and innovate in those products. These investments in the business have led to the transformation of KCI into a high-growth company and will allow us to continue to achieve our objectives as they relate to performance, product innovation, customer support and most importantly patient care."
Ware will be formally recognized at Frost & Sullivan's 2006 Excellence in Medical Devices and Healthcare Awards Banquet held March 15, 2006 at the Grand Hyatt San Francisco.
About KCI
Kinetic Concepts, Inc. is a global medical technology company with leadership positions in advanced wound care and therapeutic surfaces. We design, manufacture, market and service a wide range of proprietary products that can improve clinical outcomes while helping to reduce the overall cost of patient care. Our advanced wound care systems incorporate our proprietary V.A.C.(R) technology, which has been clinically demonstrated to help promote wound healing and can help reduce the cost of treating patients with serious wounds. Our therapeutic surfaces, including specialty hospital beds, mattress replacement systems and overlays, are designed to address pulmonary complications associated with immobility and to prevent skin breakdown. We have an infrastructure designed to meet the specific needs of medical professionals and patients across all health care settings including acute care hospitals, extended care facilities and patients' homes both in the United States and abroad. Visit www.kci1.com for more information.
About Frost and Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.
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