Coloplast A/S is a Danish multinational company that develops, manufactures and markets medical devices and services related to ostomy,

urology Urology (from Greek οὖρον ''ouron'' "urine" and '' -logia'' "study of"), also known as genitourinary surgery, is the branch of medicine that focuses on surgical and medical diseases of the urinary-tract system and the reproductive org ...

continence Continence may refer to: *Fecal continence, the ability to control defecation, see Fecal incontinence *Urinary continence, the ability to control urination, see Urinary incontinence, the involuntary excretion of urine *Sexual continence, a synony ...

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wound care The history of wound care spans from prehistory to modern medicine. Wounds naturally heal by themselves, but hunter-gatherers would have noticed several factors and certain herbal remedies would speed up or assist the process, especially if it w ...

History

Coloplast was founded in 1957 by Aage Louis-Hansen. His son Niels Peter Louis-Hansen owns 20% of the company and is deputy chairman. It employs more than 12,000 people and operates around the world, with sales activities in 53 countries and production in Denmark, Hungary, France, China and the US. It has its global headquarters in

Humlebæk Humlebæk is a town within the municipality of Fredensborg in North Zealand in Denmark, approximately 35 km north of Copenhagen. Humlebæk is located at the shore to Øresund and has a population of 9,758 (2022).

Denmark ) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of Denmark , establish ...

. Its United States operations and North American headquarters are based in

Minneapolis Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins ...

Minnesota Minnesota () is a state in the upper midwestern region of the United States. It is the 12th largest U.S. state in area and the 22nd most populous, with over 5.75 million residents. Minnesota is home to western prairies, now given over to ...

. The company manufactures and supplies products to hospitals and institutions, as well as wholesalers and retailers. In selected markets, Coloplast is a direct supplier to consumers. The company had revenues of DKK 18.554 billion in 2020/2021. Europe constitutes the biggest market with 63% of sales, while 22% of sales are in North America and 15% in the rest of the world. Coloplast is listed on the Danish Stock Exchange, and has for a number of years been represented among the 20 most traded shares in the country. In 2016, Coloplast was listed as the 22nd most innovative company in the world by Forbe
Forbes
In 2015, Coloplast was listed as the 33rd most innovative company in the world b
Forbes Magazine
The company has been featured in The Star Tribune's annual list of top employers in Minnesota. In November 2021, Coloplast announces the acquisition for 2.5 billion dollars of Atos Medical, specialized in laryngectomy, which belonged to PAI Partners.

Acquisitions

In 2010, the company acquired Mpathy Medical Devices. In November 2016, Coloplast acquired Comfort Medical for $160 million. Comfort Medical was a direct-to-consumer medical supplier based in Coral Springs, Florida. Prior to the acquisition from Coloplast, Comfort Medical had acquired Medical Direct Club as well as Liberty Medical's urological business area in 2015. In 2020, Coloplast announced the acquisitions of Hope Medical and Rocky Medical Supply, and integrated the organizations into Comfort Medical. In November 2021, Coloplast announced it would acquire Atos Medical and its laryngectomy technology for 2.16 billion euros ($2.49 billion).

Transvaginal surgical mesh lawsuits

In 2019, the U.S.

Food and Drug Administration The United States Food and Drug Administration (FDA or US FDA) is a List of United States federal agencies, federal agency of the United States Department of Health and Human Services, Department of Health and Human Services. The FDA is respon ...

ordered Coloplast and Boston Scientific to halt the sale and distribution of transvaginal surgical mesh implants, for failure to prove their mesh products were safe and effective for the repair of pelvic organ prolapse. Coloplast was one of several companies that had previously settled multimillion-dollar lawsuits for damages caused by transvaginal mesh implants.

References

External links

* Companies listed on Nasdaq Copenhagen Health care companies of Denmark Companies based in Fredensborg Municipality Danish companies established in 1957 Danish brands Medical technology companies of Denmark {{Denmark-company-stub