KCI to acquire LIFC in a two-step merger

• $51.00 per LIFC share; $1.7B total
• LifeCell is a leader in innovative tissue repair products for use in reconstructive, urogynecologic and orthopedic surgical procedures
• Kinetic Concepts is a global medical technology company with leadership positions in advanced wound care and therapeutic support systems

• LIFC news - stock chart
• KCI news - stock chart

Announced 4.07.08

• Press release
• Form 8-K
• Slide presentation
• Conference call transcript

Initial tender offer completed  5.19.08

• Press release
• Form 8-K

Financial

• LIFC: Merrill Lynch
• KCI: J.P. Morgan Securities

Legal

• LIFC: Lowenstein Sandler
• KCI: Skadden Arps

Filed on announcement

• Form 8-K summary
• Merger agreement
• Commitment letter

Two-step merger at $51 per share

• Background of the offer
• Offer to purchase

• Terms
• Conditions

Schedule TO filings

• Initial Schedule TO  4.21.08

• Exhibits  EDGAR filing page

Schedule 14D-9 filings

• Initial Schedule 14D-9  4.21.08

• Letter to stockholders
  Recommends acceptance of offer
• Other exhibits  EDGAR filing page

Two-Step Mergers

Private Equity