Transactions & Cases Detail
Kimberly-Clark completes acquisition of Baylis Medical Company's worldwide pain management business
October 1, 2009
Pharmaceutical / Bio Life Sciences
On October 5, 2009, Kimberly-Clark Corporation announced 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 US$2 billion global market for minimally invasive chronic spinal pain management. Financial terms of the transaction were not disclosed.
Kimberly-Clark Corporation, headquartered in Irving, Texas, is an American personal care corporation that produces mostly paper-based consumer products. Kimberly-Clark brand name products include Kleenex facial tissue, Kotex feminine hygiene products, Cottonelle, Scott and Andrex toilet paper, Wypall utility wipes, KimWipes scientific cleaning wipes, and Huggies disposable diapers.
Baylis, headquartered in Montreal, Quebec, is a leading developer, manufacturer and supplier of high-technology medical devices for chronic pain management, interventional cardiology, and radiology.
McCarthy Tétrault LLP represented Kimberly-Clark, as purchaser, with a team led by George Maziotis.