Coloplast
Coloplast A/S is a Danish multinational company that develops, manufactures and markets medical devices and services related to ostomy, urology, continence, and wound care.
History
Coloplast was founded in 1957 by Aage Louis-Hansen. His son Niels Peter Louis-Hansen owns 20% of the company and is deputy chairman. It employs more than 12,000 people and operates around the world, with sales activities in 53 countries and production in Denmark, Hungary, France, China, and the US. It has its global headquarters in Humlebæk, Denmark. Its United States operations and North American headquarters are based in Minneapolis, Minnesota. The company manufactures and supplies products to hospitals and institutions, as well as wholesalers and retailers. In selected markets, Coloplast is a direct supplier to consumers.The company had revenues of DKK 18.554 billion in 2020/2021. Europe constitutes its biggest market with 63% of sales, while 22% of sales are in North America and 15% in the rest of the world. Coloplast is listed on the Danish Stock Exchange, and has for a number of years been represented among the 20 most-traded shares in the country.
In 2016, Coloplast was listed as the 22nd most innovative company in the world by Forbes, after being listed by the magazine as 33rd the year before. The company has been featured in Star Tribune
Acquisitions
In 2010, the company acquired Mpathy Medical Devices.In November 2016, Coloplast acquired Comfort Medical for US$160 million. Comfort Medical was a direct-to-consumer medical supplier based in Coral Springs, Florida. Prior to the acquisition by Coloplast, Comfort Medical had acquired Medical Direct Club as well as Liberty Medical's urological division in 2015. In 2020, Coloplast announced the acquisitions of Hope Medical and Rocky Medical Supply, and integrated the organizations into Comfort Medical.
In November 2021, Coloplast announced the acquisition of Atos Medical and its laryngectomy technology for €2.16 billion.