Seven years after it was spun off from its parent company in Lafayette, Renal Solutions Inc. has been bought by a German-based firm with operations worldwide.
Fresenius Medical Care AG & Co. paid $190 million to acquire RSI, which was created by HemoCleanse Inc. to develop and commercialize technology that makes it possible to provide at-home dialysis for chronic kidney disease patients.
Fresenius plans to leverage the technology to strengthen its position in the home hemodialysis market, which is expected to be a $4 billion market in the next 10 years.
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Thursday, December 6, 2007
German firm buys Renal Solutions
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