Coloplast A/S is a Danish multinational company that develops, manufactures and markets medical devices and services related to ostomy,

urology Urology (from Ancient Greek, Greek wikt:οὖρον, οὖρον ''ouron'' "urine" and ''wiktionary:-logia, -logia'' "study of"), also known as genitourinary surgery, is the branch of medicine that focuses on surgical and medical diseases of t ...

, continence, and

wound care The history of wound care spans from prehistory to modern medicine. Wounds naturally Wound healing, heal by themselves, but hunter-gatherers would have noticed several factors and certain herbalism, herbal remedies would speed up or assist the pro ...

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 Humlebæk is a town within the Municipalities of Denmark, municipality of Fredensborg Municipality, Fredensborg in North Zealand in Denmark, approximately 35 km north of Copenhagen. Humlebæk is located at the shore to Øresund and has a popu ...

Denmark Denmark is a Nordic countries, Nordic country in Northern Europe. It is the metropole and most populous constituent of the Kingdom of Denmark,, . also known as the Danish Realm, a constitutionally unitary state that includes the Autonomous a ...

. Its United States operations and North American headquarters are based in

Minneapolis Minneapolis is a city in Hennepin County, Minnesota, United States, and its county seat. With a population of 429,954 as of the 2020 United States census, 2020 census, it is the state's List of cities in Minnesota, most populous city. Locat ...

Minnesota Minnesota ( ) is a U.S. state, state in the Upper Midwestern region of the United States. It is bordered by the Canadian provinces of Manitoba and Ontario to the north and east and by the U.S. states of Wisconsin to the east, Iowa to the so ...

. 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 the 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 ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

. In 2015, Coloplast was listed as the 33rd most innovative company in the world by Forbes Magazine. The company has been featured in The

Star Tribune ''The Minnesota Star Tribune'', formerly the ''Minneapolis Star Tribune'', is an American daily newspaper based in Minneapolis, Minnesota. As of 2023, it is Minnesota's largest newspaper and the List of newspapers in the United States, seventh- ...

's annual list of top employers in Minnesota. In November 2021, Coloplast announced the acquisition for 2.5 billion dollars of Atos Medical, specialized in laryngectomy, which belonged to PAI Partners.

Acquisitions

In 2010, the company acquired Mpathy Medical Devices. In November 2016, Coloplast acquired Comfort Medical for $160 million. Comfort Medical was a direct-to-consumer medical supplier based in Coral Springs, Florida. Prior to the acquisition from Coloplast, Comfort Medical had acquired Medical Direct Club as well as Liberty Medical's urological business area 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 it would acquire Atos Medical and its laryngectomy technology for 2.16 billion euros ($2.49 billion).

Transvaginal surgical mesh lawsuits

In 2019, the U.S.

Food and Drug Administration The United States Food and Drug Administration (FDA or US FDA) is a List of United States federal agencies, federal agency of the United States Department of Health and Human Services, Department of Health and Human Services. The FDA is respo ...

ordered Coloplast and Boston Scientific to halt the sale and distribution of transvaginal surgical mesh implants for failure to prove their mesh products were safe and effective for the repair of pelvic organ prolapse. Coloplast was one of several companies that had previously settled multimillion-dollar lawsuits for damages caused by transvaginal mesh implants.

References

External links

* {{Authority control Companies listed on Nasdaq Copenhagen Companies in the OMX Copenhagen 25 Companies in the OMX Nordic 40 Companies in the S&P Europe 350 Dividend Aristocrats Health care companies of Denmark Companies based in Fredensborg Municipality Danish companies established in 1957 Danish brands Medical technology companies of Denmark