Blum Capital Raises Stake in Kinetic Concepts (KCI) to 5.9%

In a 13D filing after the close yesterday on Kinetic Concepts, Inc. (NYSE: KCI), Blum Capital disclosed a 5.9% stake (4.26 million shares) in the company. This is up from the 2.7 million share stake the firm disclosed in a quarterly filing with regulators.

On August 31, 2006, Blum entered into a purchase plan with Merrill Lynch providing for the periodic acquisition of Common Stock up to an aggregate of 3,000,000 shares through January 3, 2007.

Blum reserved the right to engage in communications with one or more shareholders of the company, one or more officers and/or one or more members of the board of directors and/or one or more representatives of the company, regarding the company, including but not limited to its operations.

Nils Colin Lind, who is a Managing Partner of Blum, is a member of the Board of Directors of Kinetic Concepts.

In early August, Kinetic Concepts was delivered a blow after a jury found that a competitor's product didn't infringe Kinetic's wound-care system patents.

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