Published on September 29, 2012 at 1:48 AM
ConvaTec, a world-leading developer and marketer of innovative medical technologies for community and hospital care, announced today it has completed the acquisition of 180 Medical Holdings, Inc. ("180 Medical").
180 Medical is a leader in the home delivery of disposable, intermittent catheters and urologic medical supplies in the U.S. The company will continue to operate as 180 Medical out of its headquarters in Oklahoma City, Oklahoma.
"180 Medical significantly strengthens ConvaTec's position in the fast-growing U.S. self-catheterization market, with a proven and successful home-delivery model," said Ken Berger, CEO of ConvaTec.
The U.S. market for disposable, intermittent catheters is estimated at $1 billion, with catheter customers increasingly opting for the convenience and privacy of home delivery.
"180 Medical has grown rapidly in recent years thanks to a distinctive approach to customer care," said Todd Brown, founder and CEO of 180 Medical, whose personal experience following a spinal cord injury helped shape the company's business model. "Together with ConvaTec, we look forward to continuing to provide quality services and support for patients who self catheterize."