A Medical Device Daily
Hill-Rom (Batesville, Indiana) reported the sale of its patents and intellectual property relating to negative pressure wound therapy (NPWT) to Kinetic Concepts (San Antonio).
Hill-Rom's NPWT portfolio included U.S. and foreign patents and patent applications covering innovations to NPWT components, protocols, and related therapies. The transaction is effective immediately. Terms of the transaction were not disclosed.
"The sale of these assets is a continuation of our portfolio rationalization initiative to more tightly focus on our core competencies and businesses that offer attractive and profitable growth opportunities for our shareholders," said Peter Soderberg, president/CEO, Hill-Rom Holdings. "While we have successfully developed valuable IP in the area of NPWT, the disposition of these assets is in line with our corporate strategy."
In other dealmaking activity:
• Acacia Research (Newport Beach, California) reported that its Hospital Systems subsidiary has entered into a non-exclusive patent license and settlement agreement with Fujifilm (Tokyo) covering a portfolio of patents that apply to medical picture archiving and communication system (PACS) technology. This agreement resolves the parties' dispute that was pending in the District Court for the Eastern District of Texas.
• Concerro (San Diego) reported that it has acquired all of the product assets and related intellectual property of PortBlue's (Los Angeles) hospital incident management system line of business.
CommandAware enables hospitals to prepare for, manage, and recover from disasters and incidents of all kinds, while also providing the functionality for day-to-day hospital capacity management. Its regional data-sharing system enables multi-agency regional coordination through the sharing of data on capacity, equipment and supplies, critical infrastructure and personnel with real-time Incident Command System status.
"With the sale of our CommandAware line of business to Concerro, we believe CommandAware will have the resources necessary to provide our fine hospital customers with the support, service and further product development they expect, and enable CommandAware to maintain its position as the leading hospital incident command system in the country," said PortBlue CEO Paul Dimitruk. "We believe CommandAware has the potential to transform incident management in healthcare and Concerro is an ideal company to take the product to the next stage."