ConvaTec Is Moving in the Right Direction; No Change to Our FVE
ConvaTec’s abbreviated first-quarter results demonstrated improvement, and we’re leaving our fair value estimate unchanged as the firm remains on track to meet our full-year projections. Despite a string of operational setbacks in 2017, we think ConvaTec is moving in the right direction as it builds on robust demand for its Aquacel wound-care products, greater presence in U.S. home distribution, and the introduction of the MiniMed Mio Advanced infusion set inserter. We are confident that ConvaTe...ConvaTec Group is a holding company. Through its subsidiaries, Co. is a global medical products and technologies group. Co. has four franchises: Advanced Wound Care, which provides wound dressings, devices and skin care products used for the management of acute and chronic wounds; Ostomy Care, which focuses on devices, accessories and services for individuals who have a stoma; Continence and Critical Care, which provides products for people with urinary continence issues; and Infusion Devices, which develops and manufactures disposable infusion sets for the suppliers of insulin pumps for diabetes treatment and similar pumps used in continuous infusion treatments for other conditions.
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