14.03.2006 13:30:00
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KCI's Dennert O. Ware Named Medical Devices Industry CEO of the Year by Frost & Sullivan; Leading Industry Analyst Firm Singles out Ware for Leadership Excellence
"KCI's success stems from bold steps taken by Ware. The CEObrought dramatic cultural changes focused on achieving unprecedentedgoals. Through direction from Ware, KCI is now a trendsetter inadvanced wound care and therapeutic surfaces," said Frost & SullivanResearch Analyst, Sheila Ewing.
Specifically, the Frost & Sullivan CEO of the Year Awarddistinguishes executives whose leadership has affected observable andpositive change related to financial results and growth. In choosingthe recipient, Frost & Sullivan tracks market developments andconditions in an industry, utilizing market participant interviews andextensive primary and secondary research to make an informedselection. Market share, growth, and penetration, as well as profitmargins, stock price and overall industry impact in relation to CEOcorporate organizational and strategic business actions are alsoconsidered as part of a comprehensive evaluation.
The award selection process is further held to rigorousperformance measurement criteria and metrics including a CEO's vision,successful risk-taking, contributions to business strategy to growmarket share and maintain competitive positioning, creation ofbusiness standards, and industry participation. For more specificsrelating to the Award's history and selection process, please visitwww.frost.com.
"I view this recognition as a great acknowledgment of the impactof the many dedicated individuals who work at KCI," commented Ware."To that end, our organization is humbled by this award, particularlyin the context of all the significant achievement in terms ofinnovation and performance affected by companies across the medicaldevices industry."
Ware added, "Since joining KCI in 2000, we have worked diligentlyto put in place an operational infrastructure for success, to buildbridges with key stakeholders, to prove out the therapeutic andeconomic value of our core V.A.C. (R) Therapy products, and innovatein those products. These investments in the business have led to thetransformation of KCI into a high-growth company and will allow us tocontinue to achieve our objectives as they relate to performance,product innovation, customer support and most importantly patientcare."
Ware will be formally recognized at Frost & Sullivan's 2006Excellence in Medical Devices and Healthcare Awards Banquet held March15, 2006 at the Grand Hyatt San Francisco.
About KCI
Kinetic Concepts, Inc. is a global medical technology company withleadership positions in advanced wound care and therapeutic surfaces.We design, manufacture, market and service a wide range of proprietaryproducts that can improve clinical outcomes while helping to reducethe overall cost of patient care. Our advanced wound care systemsincorporate our proprietary V.A.C.(R) technology, which has beenclinically demonstrated to help promote wound healing and can helpreduce the cost of treating patients with serious wounds. Ourtherapeutic surfaces, including specialty hospital beds, mattressreplacement systems and overlays, are designed to address pulmonarycomplications associated with immobility and to prevent skinbreakdown. We have an infrastructure designed to meet the specificneeds of medical professionals and patients across all health caresettings including acute care hospitals, extended care facilities andpatients' homes both in the United States and abroad. Visitwww.kci1.com for more information.
About Frost and Sullivan
Frost & Sullivan, a global growth consulting company, has beenpartnering with clients to support the development of innovativestrategies for more than 40 years. The company's industry expertiseintegrates growth consulting, growth partnership services, andcorporate management training to identify and develop opportunities.Frost & Sullivan serves an extensive clientele that includes Global1000 companies, emerging companies, and the investment community byproviding comprehensive industry coverage that reflects a uniqueglobal perspective and combines ongoing analysis of markets,technologies, econometrics, and demographics. For more information,visit www.frost.com.
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