Acelity closes 2014 on a high note

Texas-based wound care giant Acelity closes out the year by narrowing net losses and healthy gains in wound care sales

Acelity, the Texas-based wound care company created last fall from 3 sister med tech outfits, ended 2014 on an up note by narrowing net losses and increasing sales.
Revenues for the 3-month period ending December 31, 2014 were $482.7 million, up from $462.4 million in the 2013 fourth quarter, reflecting a 4.4% increase. Net losses came in at $29.5 million, a big improvement over more than $52.7 million in net losses over the same period last year.
Acelity, Kinetic Concepts Inc., Systagenix Wound Management Inc.News Well, MassDevice.com Earnings Roundup, Q4read more

Source: Mass Device - February 19, 2015 Category: Medical Equipment Authors: Mark Hollmer Source Type: news