The History of Halyard Health: From Kimberly-Clark to an Independent Company
Halyard Health is a leading medical technology company that specializes in providing products and solutions that enhance patient care. Its products and services are used by hospitals, clinics, nursing homes, and other healthcare facilities worldwide. In this article, we will explore the history of Halyard Health, its journey from Kimberly-Clark to an independent company, and how it has evolved into a global brand.
Introduction
Halyard Health was originally a division of Kimberly-Clark. Kimberly-Clark was established in 1872 as a paper products company, but it gradually expanded into the healthcare domain. In the early 1970s, Kimberly-Clark launched its medical division to develop and market healthcare products such as surgical gowns, drapes, and masks.
In 2014, Kimberly-Clark decided to spin off its healthcare business into a separate public company. The new entity was named Halyard Health, and it became an independent player in the healthcare sector. Halyard Health’s mission was to provide innovative medical technology solutions that would enhance patient care, reduce healthcare costs, and improve clinical outcomes.
Body
Halyard Health’s journey as an independent company began in November 2014, when it began trading on the New York Stock Exchange. It had a market capitalization of approximately $3 billion, and it was expected to grow rapidly in the coming years.
Halyard Health’s focus was on four key business segments: surgical and infection prevention, respiratory health, digestive health, and pain management. These segments catered to different healthcare needs, and they offered a wide range of medical products such as surgical gloves, face shields, respiratory therapy devices, feeding tubes, and catheters.
Halyard Health also invested heavily in research and development (R&D) to develop new and innovative products that addressed unmet healthcare needs. It collaborated with leading medical institutions and universities to explore emerging healthcare technologies such as 3D printing and remote patient monitoring.
In 2015, Halyard Health acquired Corpak MedSystems, a leading provider of enteral feeding tubes, in order to expand its digestive health business segment. This acquisition enabled Halyard Health to offer a comprehensive range of feeding tubes and accessories to patients who needed enteral nutrition therapy.
Halyard Health also launched a new brand, ON-Q, which featured pain management products such as catheters and pumps that delivered local anesthetics directly to surgical sites. ON-Q aimed to reduce patients’ reliance on opioids and other painkillers by providing effective pain relief without the side effects of traditional pain management methods.
Conclusion
Halyard Health’s journey from Kimberly-Clark to an independent company has been marked by significant milestones, including the launch of new products and business segments, the acquisition of Corpak MedSystems, and the launch of ON-Q. Halyard Health’s continued commitment to innovation and patient care has enabled it to establish a strong brand and compete effectively in the global healthcare market.
Halyard Health’s success can also be attributed to its focus on R&D, its collaborations with leading medical institutions, and its investments in emerging healthcare technologies. By leveraging these strengths, Halyard Health is well-positioned to grow and expand in the years to come.
As a leader in medical technology, Halyard Health’s success is not only reflected in its financial growth but also in the positive impact it has on patients and healthcare providers around the world. Its products and solutions have enabled healthcare professionals to provide better care, reduce costs, and improve outcomes.
(Note: Do you have knowledge or insights to share? Unlock new opportunities and expand your reach by joining our authors team. Click Registration to join us and share your expertise with our readers.)