Kimberly-Clark Corp. has acquired Baylis Medical Company's pain management business, which includes minimally invasive radio-frequency pain management products, for an undisclosed amount.
Kimberly-Clark's healthcare business has been the exclusive distributor of Baylis Medical's pain management products in the United States since 2001, according to the Dallas, Texas, firm. Kimberly-Clark is a medical device manufacturer that focuses on healthcare-associated infections, surgery, digestive health and pain management.
“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 of Canada-based 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 the move 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. Baylis Medical Company is a medical device manufacturer and supplier of medical devices for chronic pain management, interventional cardiology and radiology.