Convatec Group plc is a medical products and technologies company based in

Reading, Berkshire Reading ( ) is a town and borough in Berkshire, southeast England. Located in the Thames Valley at the confluence of the rivers Thames and Kennet, the Great Western Main Line railway and the M4 motorway serve the town. Reading is east of Swi ...

, England. offering products and services in the areas of wound and skin care, ostomy care,

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 synon ...

and critical care and

infusion Infusion is the process of extracting chemical compounds or flavors from plant material in a solvent such as water, oil or alcohol, by allowing the material to remain suspended in the solvent over time (a process often called steeping). An inf ...

devices. It is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and is a constituent of the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market ...

History

The company was established as a division of E.R. Squibb & Sons, Inc. in 1978 and acquired by

Nordic Capital Nordic Capital private equity funds focus on investments primarily in Northern Europe. Nordic Capital invests in selective industries with a particular focus on Healthcare, Tech & Payments and Financial Services. In addition selective investments ...

and

Avista Capital Partners Avista Capital Partners is an American private equity firm headquartered in New York City focused on growth capital and leveraged buyout investments in middle-market companies in the domestic healthcare sector. History The firm was founded in 2 ...

in 2008. In 2008 merged with Unomedical (with headquarters in Denmark), a manufacturer of single-use medical devices, and 180 Medical, a

catheter In medicine, a catheter (/ˈkæθətər/) is a thin tube made from medical grade materials serving a broad range of functions. Catheters are medical devices that can be inserted in the body to treat diseases or perform a surgical procedure. Cath ...

manufacturer, in 2012. In June 2015 the company won a

Court of Appeal A court of appeals, also called a court of appeal, appellate court, appeal court, court of second instance or second instance court, is any court of law that is empowered to hear an appeal of a trial court or other lower tribunal. In much of ...

ruling that determined that in the context of a patent "between 1% and 25%" should be interpreted rounding to the nearest 1%, so that an attempt to circumvent a patent by using the value 0.9% failed. In October 2016 the company was valued at £4.4bn in the largest

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

on the

in the year. On 15 October 2018, Convatec announced that Paul Moraviec would be retiring as CEO with immediate effect, and would be succeeded on an interim basis by non-executive director Rick Anderson, who was formerly the chairman of

Johnson & Johnson Johnson & Johnson (J&J) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average and the company ...

. On 25 March 2019, Convatec announced Karim Bitar, formerly CEO of

Genus Plc Genus plc is a British-based business selling elite genetics and other products manufactured using biotechnology to cattle and pig farmers. It is headquartered in Basingstoke and is a constituent of the FTSE 250 Index. History The business has ...

, had been appointed CEO and would join the business on 30 September 2019. Prior to Genus, Karim spent 15 years in various roles with increasing responsibility at Eli Lilly where from 2008 he was President of Europe, Australia and Canada, leading an organisation with annual sales of approximately US$5 billion per year. On 19 August 2019, Convatec announced Dr John McAdam CBE would become Chairman, effective 30 September, the same day Karim Bitar became CEO.

Operations

The company has 9,000 employees and operates in more than 100 countries.

References

External links

* {{Authority control Medical equipment Health care companies established in 1978 1978 establishments in England Companies based in Reading, Berkshire Companies listed on the London Stock Exchange Medical technology companies of the United Kingdom