Helping hospital patients stay clean and comfortable, keeping infections in check, and outfitting surgical theaters are all part of the big-picture at Getinge. Each of the company's three subsidiaries serve the health care, pharmaceutical, and medical research industries worldwide. Its ArjoHuntleigh business manufactures beds, lifting and hygiene systems, and other equipment to assist with patient care in hospital and extended-care settings. Getinge Infection Control makes cleaning, disinfection, and decontamination equipment. Its Maquet subsidiary develops and manufactures equipment and workstations for operating rooms and critical-care facilities.
Medical systems generate about half of Getinge's total sales, with hospitals making up its largest customer base. The company plans to grow both organically and by acquiring market-leading businesses. Plans to achieve organic growth include expanding geographically and by developing and launching such new products as its its Flow-i anaesthesia system and cardiohelp heart-lung support product.
Although Western Europe accounts for about 40% of Getinge's sales and provides much of its manufacturing, the company is expanding in other regions as part of its plan for the future. North America is its second-largest market, with roughly 30% of sales, and acquisitions there are helping Getinge USA gain market share. Developing countries will also play a role in Getinge's growth: it is building up sales and manufacturing in China, opened an office in India, and has moved much of its medical-bed production into Poland.
Acquisitions have decidedly helped the company take on its current shape. These include La Calhène (France, sterilization equipment, 2006), Huntleigh Healthcare (UK, medical beds, 2007), and Numac Validation Services (disinfection equipment, 2009). Getinge acquired the cardiac surgery products division of Boston Scientific in 2008 and the cardiovascular medical instrument maker Datascope in 2009. It then integrated both businesses into the Cardiovascular division of Maquet. In 2011 Getinge moved to expand its cardiovascular operations further by purchasing New Hampshire-based Atrium Medical for $680 million. The deal added Atrium Medical's biosurgery products, cardio-thoracic drainage products, vascular grafts, thrombus management catheters, and balloon expandable covered stents.
In 2012 Getinge agreed to acquire the therapeutic support systems (TSS) business operations of Texas-based Kinetic Concepts, Inc. (KCI) for some $275 million. The business includes a range of therapeutic hospital beds, mattress systems, mobility devices, and other equipment for patients who are immobilized and have pulmonary, bariatric, or chronic wound conditions. The purchase will be added to the Getinge Extended Care division and will greatly expand the presence of the ArjoHuntleigh-branded operations in the US market.
Chairman Carl Bennet controls close to half of the company's voting shares. – less
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