CONVATEC
ConvaTec
Group plc is an Anglo-American medical products and
technologies company, offering products and services in the areas of wound and
skin care, ostomy care, continence and critical care and infusion devices. It is listed on the London
Stock Exchange and is a constituent
of the FTSE 250 Index.
The company was established as a division of E.R. Squibb &
Sons, Inc. in 1978 and acquired by Nordic Capital and Avista Capital
Partners in 2008.In 2008 merged with Unomedical (with headquarters
in Denmark), a manufacturer of single-use medical devices, and 180 Medical,
a catheter manufacturer,
in 2012.
In June 2015 the company won a Court of Appeal ruling
that determined that in the context of a patent "between 1% and 25%"
should be interpreted rounding to the nearest 1%, so that an attempt to
circumvent a patent by using the value 0.9% failed. In October 2016 the
company was valued at £4.4bn in the largest initial public offering on
the London
Stock Exchange in the year.
On 15 October 2018, ConvaTec announced that Paul Moraviec would
be retiring as CEO with immediate effect, and would be succeeded on an interim
basis by non-executive director Rick Anderson, who was formerly the chairman
of Johnson
& Johnson.
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