Wound care company reports healthy rise in profits

CHESHIRE-based wound care specialist Advanced Medical Solutions has reported a 16% increase in profits for 2014.

Revenue surged to £63m, a 6% increase on the Winsford company’s 2013 performance.

AMS is a global independent developer and manufacturer of innovative and technologically advanced products for surgical wound care and wound closure markets.

Its products include silver alginates, alignates, foams, tissue adhesives, sutures and haemostats and are manufactured out of its two sites in the UK, one in the Netherlands, two in Germany and one in the Czech Republic, employing a total of 472 people.

AMS chief executive Chris Meredith, said: “2014 has been another year of good growth for AMS, with our three largest business units all delivering solid performances despite challenging currency conditions.”
 
“We were particularly encouraged by strong growth in the US, where the performance, range and pricing of our LiquiBand tissue adhesives is helping to drive gains in market share, and in the UK, where the ActivHeal range continues to provide high performance, cost effective solutions for the NHS.
 
“The successful launch of the LiquiBand Fix8 hernia mesh fixation device, marking the first use of our medical adhesives in internal applications, demonstrates our continued commitment to investing in innovation.

 “With the continuing growth in our larger business units, the strong performance of our products and our ambitions for the Group, we are confident that AMS is well placed to drive growth as well as continued improvements in operational efficiencies and we remain excited by the prospects for our future.”

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