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Halyard Health
Company typePublic
NYSE: HYH
IndustryHealthcare
HeadquartersAlpharetta, Georgia, United States
Area served
Worldwide
Key people
Robert Abernathy
(Chairman and CEO)
Products
RevenueUS$ 1.7 billion (2014)[1]
US$ 94.3 million (2014)[1]
US$ 27.1 million (2014)[1]
Total assetsUS$ 2,527.6 billion (2014)[1]
Total equityUS$ 1,491.2 billion (2014)[1]
Number of employees
12,000 worldwide [2]
Websitehalyardhealth.com

Kimberly-Clark Health Care provides products for infection prevention, digestive health, respiratory health, surgical solutions and pain management. It sells its products through distributors in the United States and internationally. The company is headquartered in Roswell, Georgia. Kimberly-Clark Health Care Inc. operates as a subsidiary of Kimberly-Clark Corporation.[3]

In November of 2013, Kimberly-Clark announced it would pursue a spin-off of its health care business. [4] The name of the new company—Halyard Health, Inc.—was disclosed in May 2014, along with the location for its headquarters (Alpharetta, GA) and the filing of the Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) . [5] On November 3, 2014, Halyard debuted as a public company following the spin-off, and began trading on the NYSE under the symbol HYH. [6]

History

On March 26, 1872, Kimberly, Clark & Co. was established in Neenah, Wisconsin through the partnership of four businessmen—John A. Kimberly, Havilah Babcock, Charles B. Clark and Frank C. Shattuck.[7]

The first recorded healthcare product by Kimberly-Clark was absorbent wadding, intended to replace cotton. It was used as a bandage for wounded soldiers in World War I. Army nurses adapted the material for menstrual use.[8] Kaycel fabric for surgical gowns was developed by Kimberly-Clark in 1960 for use in field hospitals during the Korean War.[9]

In 1980, Health Care began to grow as it was separated from consumer packaged goods management and products, such as Kleenex, with a move to Roswell, Georgia, its current headquarters.[10] Kimberly-Clark Health Care has offices in North America, Latin America, Australia, New Zealand, China, Hong Kong, Europe, Asia and India. It also sells its products in more than 150 countries.[11]

Expansion

Kimberly-Clark Health Care opened European Health Care operations in Brussels in 1991.[12]

In 1999, Kimberly-Clark Health Care expanded into new global markets with the introduction of medical devices, including Mic-Key Enteral Feeding Systems and Trach Care Closed Suction Systems.[13]

Company acquisitions

In 1998, Ballard Medical Product, a maker of disposable medical devices for respiratory care, gastroenterology and cardiology, was purchased by Kimberly-Clark for $764 million.[14]

That same year, Kimberly-Clark also acquired TECNOL Medical Products, Inc., a maker of disposable face masks and patient care products.[15]

Kimberly-Clark acquired Safeskin Corporation in 2000, a maker of disposable gloves for healthcare, high technology and scientific industries.[16]

In 2009, Kimberly-Clark acquired Baylis Medial Company’s Pain Management Business.[17]

Also in 2009, Kimberly-Clark acquired I-Flow Corporation, a healthcare company that develops and markets drug delivery systems and products for post-surgical pain relief and surgical site care.[18]

Products

Kimberly-Clark Health Care focuses on five categories of products.

Surgical solutions

K-C’s surgical solutions focus on protecting the healthcare professional during procedures and keeping the surgical environment sterile.

Products include:[19]

  • Surgical Gowns
  • Microbial Sealant
  • Custom Procedure Trays
  • Surgical Pain Management
  • Surgical Drapes & Packs
  • Sterilization Solutions
  • Facial Protection
  • Patient Warming

Kimberly-Clark Health Care developed the MicroCool Breathable High Performance Surgical Gown. It has the highest Association for the Advancement of Medical Instrumentation level of liquid barrier protection against blood and other bodily fluids. The gown has a micro porous fabric, which utilizes two layers of nonwoven fabric to enclose a protective film layer that "breathes," to dispel body heat.[20]

In 1978, Kimberly-Clark invented Kimguard Sterilization Wrap as an affordable, high-performance alternative to traditional cloth wrapping materials and metal containers. Since creating the original wrap, Kimberly-Clark made two improvements to the product, resulting in One-Step and One-Step Quick Check sterilization wraps.[21]

Digestive health

Kimberly-Clark offers digestive health products for enteral feeding, diagnostics and endoscopy procedures.

Products include:[22]

  • Mic feeding tubes
  • Mic-key feeding tubes
  • CLOtest and PYtest
  • Gastic Lavage systems and tubes
  • Paracentesis kits, needles and trays
  • Endoscopy catheters, cleaning devices and cytology brushes

Kimberly-Clark’s Mic-Key Low-Profile & Mic Feeding Tubes are used in patients who require enteral feeding, can’t tolerate oral feeding, require gastric decompression and/or medication delivery directly into either the stomach, distal to the stomach, distal duodenum or proximal jejunum.[23]

Respiratory health

KimVent Ventilator-associated pneumonia (VAP) products provide critical care clinicians with airway management products, education and compliance programs.

Products include:[24]

  • Closed Suction Catheters
  • Oral Care Kits
  • Endotracheal Tubes
  • Bal Cath Sampling Catheters

Kimberly-Clark makes cuffed endotracheal tubes for both adults and pediatrics. The device was introduced by the company in 2006 and is made out of micro-thin polyurethane.[25]

Pain management

Kimberly-Clark offers pain management products for Chronic Pain and Surgical Pain.

Products include:[26]

  • Needles
  • Catheters & Mini-Kits
  • Procedural Trays
  • Radiofrequency Products
  • Incisional Pain Pumps
  • Nerve Block Pumps

Kimberly-Clark Cooled Radiofrequency (RF) System is used to create radiofrequency lesions in nervous tissue, which can help to treat spine anatomy.[27]

The ON-Q Pain Relief System, an I-Flow LLC product, is a narcotic alternative for managing pain after surgery. It provides regional anesthesia therapy directly to or near the surgical site.[28]

Protection and infection prevention

Kimberly-Clark’s personal protective equipment protects healthcare workers and patients from contamination and infections.

Products include:[29]

  • Medical Gloves
  • Isolation Gowns
  • Facial and Respiratory Protection
  • Protective Apparel
  • Chemotherapy Personal Protective Equipment
  • Patient Care
  • Hand Hygiene Solutions

After acquiring SafeSkin, a maker of disposable gloves, Kimberly-Clark Health Care entered the latex and synthetic glove market.[30]

Kimberly-Clark Health Care also produced the first face mask designed for children approved by the United States Food and Drug Administration (FDA).[31]

HAI watch programs

Not on My Watch

In 2008, Kimberly-Clark Health Care launched a global educational campaign, Not on My Watch. Its purpose is to educate healthcare workers and support their efforts to reduce the spread of Healthcare Associated Infections (HAI) such as MRSA, CLABSI and Cdiff.[32]

Kimberly-Clark Health Care offers a patient-focused website for HAI prevention, preventinfections.com. It is an educational website for both patients and caregivers that includes information on how they can protect themselves from the risk of HAIs during a stay in the hospital or other healthcare facility.[33]

HAI Watchdog

In 2010, the HAI Watchdog Awards were created to recognize the efforts of healthcare professionals working together to prevent healthcare-associated infections (HAI). It facilitates the sharing of best practices among clinicians and recognizes four exceptional participants with educational grants. The awards are broken into two categories:[34]

Clinician's Choice Award

This category is for HAI prevention initiatives that help educate and build awareness, but may not be directly measured by specific HAI rate changes.[35]

Panel-Judged Award

This category is for successful programs yielding a measurable reduction in HAI rates over time.[36]

Clean Hands Care

In 2013, Kimberly-Clark released a campaign called "Clean Hands Care" to spread awareness about how washing and sanitizing hands can prevent Hospital-Associated Infections (HAI).[37]

Headquarters/campus

Kimberly-Clark Health Care's campus is located in Roswell, Georgia, just north of Atlanta. It sits on 98 acres of private land with 45 acres being undeveloped natural habitat. There is a nine acre lake that provides water for irrigation and wildlife, as well as running and walking trails for employees.

The headquarters is made up of four office buildings. Each building consists of Kimberly-Clark business sectors, including Global Health Care, Kimberly-Clark Professional and Global Non-Wovens. More than 1,200 scientists, engineers, marketers, financial analysts, sales representatives and operations employees work on the Roswell site. The campus also includes an activities center with a lake-side restaurant and a 24,000-square-foot health center. The health center offers on-site medical services, a fully equipped exercise room, exercise classes, complimentary towel/laundry services and a 25-meter indoor swimming pool.[38]

Corporate governance

Current members of the board of directors of Kimberly-Clark are: John R. Alm, John F. Bergstrom, Abelardo E. Bru, Robert W. Decherd, Thomas J. Falk, Fabian T. Garcia, Mae C. Jemison, James M. Jenness, Nancy J. Karch, Ian C. Read, Linda Johnson Rice, and Marc J. Shapiro.[39]

Sustainability

Kimberly-Clark Health Care focuses on sustainability in four areas:[40]

  • Manufacturing Practices
  • Packaging Efficiency
  • Recycling Programs
  • Community Support

In 2011, Kimberly-Clark Corporation announced its Sustainability 2015 strategy and five-year goals:[41]

  • 0 workplace fatalities
  • Socially focused programs in all K-C communities
  • 100% by key suppliers in K-C’s program to implement social compliance standards
  • 25% reduction in water use and maintain quality of discharge
  • 100% fiber from certified suppliers
  • 5% absolute reduction in greenhouse gas
  • 0% manufacturing waste to landfill
  • 250 million new consumers touched
  • 25% of 2014 net sales from environmentally innovative products
  • 20% reduction in packaging environmental impact

In 2012, Kimberly-Clark Health Care developed Blue ReNew. The program helps healthcare facilities recycle Kimguard Wrap by identifying recycling partners, training operating room teams and measuring results.[42]

Awards

In 2012, Kimberly-Clark Corporation was awarded #1 in industry in Newsweek Magazine's Green Rankings.[43]

In 2013, Kimberly-Clark Health Care was named a winner of the Practice Greenhealth 2013 Champion for Change Awards, recognizing the company's ongoing commitment to sustainability accomplishments in support of people, the planet and products.[44]

Community

Kimberly-Clark Foundation matched $1.5 million in employee giving and awarded about $800,000 in grants to charities where employees volunteered more than 77,000 hours in 2012.[45]

In the last decade, Kimberly-Clark and its employees have contributed more than $60 million to United Way, helping to improve lives and build stronger communities through the areas of education, financial stability and health.[46]

In 2012, Kimberly-Clark and U.S. employees raised about $6.6 million for United Way, an increase of 8.6 percent over 2011.[47]

Since Kimberly-Clark's original grant to help launch MedShare in 1998, the company has funded the shipment of $18.5 million worth of supplies to 13 countries in Latin America.[48]

References

  1. ^ a b c d e "Halyard Health Inc 2014 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. December 31, 2014.
  2. ^ "Halyard Health Company Profile". The Vintage Group. Retrieved October 2, 2015.
  3. ^ "Contact Us". www.businessweek.com. Retrieved 2 August 2013.
  4. ^ "Kimberly-Clark Pursuing Spin-Off Of Health Care Business". 14 November 2013. Retrieved 19 November 2014.
  5. ^ "Registration Statement for Kimberly-Clark's Planned Spin-Off of Health Care Business is Filed with the SEC". 6 May 2014. Retrieved 19 November 2014.
  6. ^ "Halyard Health Debuts as Public Company Following Spinoff". 3 November 2014. Retrieved 19 November 2014.
  7. ^ Spector, Robert; Wicks, William W. (1997). "Kotex and Kleenex". Shared Values: A History of Kimberly-Clark. Lyme, CT: Greenwich Publishing Group. p. 28. ISBN 0944641172.
  8. ^ Spector, Robert; Wicks, William W. (1997). "Kotex and Kleenex". Shared Values: A History of Kimberly-Clark. Lyme, CT: Greenwich Publishing Group. p. 55. ISBN 0944641172.
  9. ^ "Historical Journey in the 1960s" (PDF). Kimberly-clark.com. Retrieved 26 July 2013.
  10. ^ "Historical Journey in the 1980s" (PDF). Kimberly-clark.com. Retrieved 26 July 2013.
  11. ^ "Contact Us". www.kchealthcare.com. Retrieved 2 August 2013.
  12. ^ "Kimberly-Clark Heritage" (PDF). Kimberly-clark.com. Retrieved 24 July 2013.
  13. ^ "Kimberly-Clark Heritage" (PDF). Kimberly-clark.com. Retrieved 24 July 2013.
  14. ^ "Kimberly-Clark Completes Acquisition of Ballard Medical Products". Kimberly-clark.com. Retrieved 13 June 2013.
  15. ^ "Kimberly-Clark To Acquire Tecnol in Tax-Free Swap". freelibrary.com. Retrieved 11 July 2013.
  16. ^ "Kimberly Clark Safeskin Purple Nitrile Gloves, Latex Free, Powder-free, Purple". chiefsupply.com. Retrieved 6 June 2013.
  17. ^ "Historical Journey in the 2000s" (PDF). Kimberly-clark.com. Retrieved 26 July 2013.
  18. ^ "Kimberly-Clark Buys I-Flow For $276 Million". manufacturing.net. Retrieved 13 June 2013.
  19. ^ "Surgical Solutions". www.kchealthcare.com. Retrieved 26 July 2013.
  20. ^ "MicroCool Surgical Gown Meets AAMI Level 4 Requirements". www.infectioncontroltoday.com. Retrieved 13 June 2013.
  21. ^ "Kimguard Sterilization Wrap". kchealthcare.com. Retrieved 13 August 2013.
  22. ^ "Digestive Health". www.kchealthcare.com. Retrieved 26 July 2013.
  23. ^ "MIC-KEY * Enteral Feeding Tubes". mic-key.com. Retrieved 6 June 2013.
  24. ^ "Respiratory Health". www.kchealthcare.com. Retrieved 26 July 2013.
  25. ^ "Respiratory Health". www.infectioncontroltoday.com. Retrieved 2 July 2013.
  26. ^ "Pain Management". www.kchealthcare.com. Retrieved 26 July 2013.
  27. ^ "Cooled Radiofrequency Products". www.kchealthcare.com. Retrieved 2 August 2013.
  28. ^ "On-Q Bus". on-qbus.com. Retrieved 14 August 2013.
  29. ^ "Protection & Infection Prevention". www.kchealthcare.com. Retrieved 26 July 2013.
  30. ^ "Kimberly-Clark to Acquire Safeskin in Tax-Free Transaction". consumerreports.org. Retrieved 25 July 2013.
  31. ^ "New face masks are designed for kids' smaller faces". consumerreports.org. Retrieved 6 June 2013.
  32. ^ "Kimberly-Clark launches anti-infection campaign". healthleadersmedia.com. Retrieved 11 July 2013.
  33. ^ "Prevent Infections". preventinfections.com. Retrieved 2 August 2013.
  34. ^ "4 HAI Watchdog Award winners announced". healthcarefinancenews.com. Retrieved 6 June 2013.
  35. ^ "Awards". haiwatchdog.com. Retrieved 13 June 2013.
  36. ^ "Awards". haiwatchdog.com. Retrieved 13 June 2013.
  37. ^ "CLEAN HANDS CARE - Show You Care. Join the Watch!". kchealthcare.com. Retrieved 13 June 2013.
  38. ^ "Roswell Headquarters". kchealthcare.com. Retrieved 19 July 2013.
  39. ^ "Board of Directors". www.kimberly-clark.com. Retrieved 4 June 2013.
  40. ^ "Kimberly-Clark's Sustainability Commitment". www.kchealthcare.com. Retrieved 4 June 2013.
  41. ^ "Sustainability 2015 Metrics". www.kimberly-clark.com. Retrieved 6 June 2013.
  42. ^ "K-C Introduces Blue ReNew". sustainablewovens.net. Retrieved 13 August 2013.
  43. ^ "Awards". www.kchealthcare.com. Retrieved 29 Oct 2013.
  44. ^ "Kimberly-Clark Honored With Practice Greenhealth 2013 Champion for Change Award". http://investor.kimberly-clark.com. Retrieved 6 June 2013. {{cite web}}: External link in |website= (help)
  45. ^ "K-C Foundation". www.kimberly-clark.com. Retrieved 19 July 2013.
  46. ^ "Kimberly-Clark Chairman and CEO Tom Falk to chair United Way of Metropolitan Dallas 2013 campaign". www.unitedwaydallas.org. Retrieved 19 July 2013.
  47. ^ "Kimberly-Clark employees raise record funds to help United Way build stronger communities". www.kimberly-clark.com. Retrieved 19 July 2013.
  48. ^ "Good Neighbors Around the World". www.careersatkc.com. Retrieved 19 July 2013.
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