DALLAS, Oct. 5, 2009 – Kimberly-Clark Corporation (NYSE: KMB) announced today that it has acquired Baylis Medical Company’s pain management business, which includes a number of innovative, minimally-invasive radio-frequency pain management products. Kimberly-Clark’s Health Care business has been the exclusive distributor of Baylis Medical’s pain management products in the U.S. since 2001.
The acquisition improves the competitive position of Kimberly-Clark Health Care in the $2 billion global market for minimally invasive chronic spinal pain management. Financial terms of the transaction were not disclosed.
“The acquisition of Baylis Medical’s pain management business is consistent with our global business plan strategy to invest in the higher-growth, higher-margin medical device market,” said Joanne Bauer, president, Kimberly-Clark Health Care. “This transaction will enable us to accelerate the growth of our pain management business around the world while strengthening our commitment to patients suffering from chronic spinal pain. Together with Baylis Medical, we’re enhancing patients’ quality of life through minimally invasive, radio-frequency therapies.”
Baylis Medical President Frank Baylis said that today’s announcement is a logical move for both companies. “We are very excited about Kimberly-Clark’s acquisition of Baylis Medical’s pain management business. We’ve enjoyed an excellent and mutually beneficial working relationship over the last eight years and integrating our technology with Kimberly-Clark’s global resources makes for a unique and powerful offering in the pain management category,” he said.