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The Big Fish, Part II: Privately Held Texas-Based Biomedical Companies with Annual Revenues Exceeding $10 Million

In my previous post I had assembled a list of Texas-based LifeSci/MedTech companies listed on the two major US stock exchanges, NYSE and NASDAQ [Note: I've added an additional company, Hanger, Inc., to the list since originally publishing the post]. I felt this was a good start, but I realized I'd also have to identify the large privately held companies in order to get a really good sense of who the major players are in the Texas biomedical industry.

I decided to define "largeness" as a function of the company's latest annual revenue as reported by LexisNexis*. I used a cut-off of $10 million, which seemed reasonable with respect to the annual revenues being reported by the NYSE- and NASDAQ-listed companies seen previously. I excluded companies that are subsidiaries of other LifeSci/MedTech companies. I did, however, include companies that are owned by private equity.  

Below is the list of privately held TX-based biomedical companies with annual revenues exceeding $10 million:


(Open spreadsheet as a separate page here.)

KCI, a San Antonio-based medical device company specializing in wound care, really stands out from the pack with its annual revenue exceeding its closest competitor's by more than 15-fold**. Overall, I was excited to find a diverse mix of companies working in very different areas: molecular diagnostics, nutritional supplements, Pharma CRO, medical devices, etc. I have to admit, though, that I was somewhat disappointed by the absence from the list of pharma/biotech companies working on developing and selling therapeutic small molecules/biologicals.  


-Isamu Hartman, PhD

(Next post - back to the SBIR database!)


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* technical note:  In my LexisNexis search I used NAICS codes 32541, 54171, 541512, 334510, 339112, and 339113, and SIC codes 2833, 2834, 2835, 2836, 3821, 3841, 3842, and 8731. 

** KCI, initially a NYSE-listed company, briefly went private from 1997 to 2004 and then became private again when acquired by its current owner, Apax Partners LLP, in 2011 (see http://en.wikipedia.org/wiki/Kinetic_Concepts_Inc, http://www.apax.com/).

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