Media

Acquisition of Southlake Medical Supplies

 

18 September 2019

ConvaTec Group Plc (“ConvaTec”), a leading global medical products and technologies company, today announces it has signed an agreement to purchase the assets of Southlake Medical Supplies, Inc. (“Southlake”), a Texas-based independent provider of catheter-related supplies. For the year ended 31 December 2018 Southlake delivered revenues of approximately $5.0 million. 

The acquisition is expected to close on 30 September, subject to the usual formalities.

Rick Anderson, Executive Chairman of ConvaTec, said: “The addition of Southlake to our Home Distribution Group will further strengthen our presence in an important U.S. market. We look forward to bringing our distinctive service and personal support to even more customers, as the leading supplier of urinary catheters in the US.”

 

Enquiries

 
Analysts and Investors 
                                                                                                                     

investorrelations@convatec.com

 

 

 

John Crosse, VP Investor Relations

+44 (0)7500 141435

 

 

 

Mark Reynolds, Director Investor Relations

+44 (0)7551 036625

 

 

 

 

 

 

 

 

Finsbury

+44 (0)207 2513801

 

 

 

 

 

 

 

 

  

About ConvaTec

ConvaTec is a global medical products and technologies company focused on therapies for the management of chronic conditions, with leading market positions in advanced wound care, ostomy care, continence and critical care, and infusion devices. Our products provide a range of clinical and economic benefits including infection prevention, protection of at-risk skin, improved patient outcomes and reduced total cost of care.

 

 

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