ME Newswire / Business Wire
GARGRAVE, England - Tuesday, November 5th 2013
WOUNDCHEK™ Laboratories announced today that it has successfully completed the spin out of the diagnostics business from Systagenix and has signed a non-exclusive global distribution agreement with Kinetic Concepts, Inc. (KCI), the acquirers of the Systagenix advanced wound care business.
The newly formed WOUNDCHEK™ Laboratories business, owned by One Equity Partners LLC (OEP), is based principally in the United Kingdom and will continue to focus 100% on the development of novel wound diagnostics products to help improve therapeutic outcomes in wound care.
Jack Wilkens, CEO of WOUNDCHEK™ Laboratories, added: "Our vision is to provide clinicians with better, accurate, timely, actionable, and easy to access information, leading to improved therapeutic outcomes through point of care wound diagnostics. With the cost of ineffective wound care treatment estimated at $20-25 billion1 annually
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