C

ConvaTec Group

Develops medical devices for chronic care

Overview

Convatec Group provides medical devices and services for chronic care. It designs, manufactures, and distributes products across wound care, ostomy care, continence care, and infusion care for patients and healthcare providers in nearly 100 countries. Its products aim to prevent infection, protect the skin, and support safer, easier patient care, while helping health systems lower overall costs. A notable example is the compact catheter for women, which combines discreet use with reliable protection. The company employs about 10,000 people and operates under a commitment to ongoing, reliable care—’forever caring’—to meet evolving patient and system needs. The goal is to improve patient outcomes and reduce the total cost of care through clinically and economically beneficial medical devices and services.

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About ConvaTec Group

Simplify's Rating
Why ConvaTec Group is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Industrial & ManufacturingHealthcare

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

London, United Kingdom

Founded

1978

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Simplify's take

What believers are saying

  • Convatec launched Cure Aqua in September 2026 and plans eight wave-two launches.
  • Management targets 6% to 8% organic growth from 2027, led by infusion care.
  • Rhymney’s £24 million expansion and Manchester’s £500 million R&D hub expand capacity.

What critics are saying

  • CMS cut InnovaMatrix reimbursement 85% in January 2026, collapsing revenue and impairing assets.
  • FDA’s January 2026 Unomedical warning letter targets quality systems and runs through late 2027.
  • A failed 2028 CMS supplier shake-up could crush ostomy and continence pricing power.

What makes ConvaTec Group unique

  • Convatec sells chronic-care consumables across four categories, reducing dependence on any single indication.
  • Its infusion sets anchor partnerships with AbbVie, Supernus, Mitsubishi Tanabe, and Beta Bionics.
  • Hydrofiber, Cure, and me+ combine proprietary products with recurring patient support services.

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Funding

Total Funding

$500M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Remote Work Options
  • Flexible Work Hours

Stock Price

Company News

Convatec Group
Nov 9th, 2026
| Convatec Group

Convatec Group Plc (CTEC:LON) is pleased to announce that it has completed the acquisition of Triad Life Sciences Inc (‘Triad’). The Triad team, current portfolio and product pipeline will now transition to Convatec’s Advanced Wound Care (AWC) business and be known as Convatec Advanced Tissue Technologies.

DirectorsTalk Interviews
Nov 3rd, 2026
Convatec names former Fortrea CFO Jill McConnell as successor to Fiona Ryder.

Convatec names former Fortrea CFO Jill McConnell as successor to Fiona Ryder. Convatec Group plc (LON:CTEC) has announced the appointment of Jill McConnell as Chief Financial Officer (Designate), effective 1 January 2027. Jill will become Chief Financial Officer and a Director of the Company on 1 March 2027, succeeding Fiona Ryder. Fiona will remain CFO through publication of the full-year results on 23 February 2027. She will support the transition until she leaves the business at the end of February. Jill is a seasoned public-company CFO with more than 25 years of finance leadership experience across healthcare and life sciences, especially in the United States. Most recently, she was Chief Financial Officer of Fortrea, a US-listed global contract research organisation providing clinical development solutions, with revenues of over $2.5 billion. She helped establish Fortrea as a standalone listed company following its spin-off from Labcorp in 2023. Her experience spans investor engagement, performance management, cost and cash management, capital allocation and business transformation. She previously held senior finance roles at Labcorp, including CFO of Labcorp Drug Development, and spent almost two decades at GSK, where her roles included CFO of its multibillion-dollar US pharmaceuticals business and CFO of ViiV Healthcare, as well as positions based in the UK and Ireland. Jill will report to Jonny Mason, become a member of the Convatec Executive Leadership Team (CELT) and attend Board meetings from 1 January 2027. She will lead Finance, Corporate Strategy & Development, Convatec Business Services and Investor Relations from 1 March 2027, when she becomes CFO and a member of the Board. Her appointment supports delivery of its Accelerate strategy and its commitment to accelerated, sustainable and profitable growth. As announced in July 2026, Fiona Ryder will stand down as CFO as part of an orderly succession. Fiona joined Convatec in January 2022 and played an important role in strengthening the Finance function, establishing Convatec Business Services and advancing the company's simplification and productivity agenda. Jonny Mason, Chief Executive Officer, said: "I'm delighted to welcome Jill to Convatec. Jill brings deep healthcare experience, especially from the US which is Convatec's largest market, public-company CFO experience and a strong track record in investor engagement, performance management, cost and cash management, capital allocation and business transformation. As we enter the next phase of Accelerate, Jill's leadership will help us execute our strategy and create value for patients, customers and shareholders. I look forward to working closely with Jill as we continue to accelerate delivery at Convatec. I would like to thank Fiona for her substantial contribution to Convatec and for her continued support in ensuring a smooth and orderly transition." Fiona Ryder, Chief Financial Officer, said: "It has been a privilege to be part of the Convatec team since 2022 and to have contributed, alongside a great team, to the successful turnaround of a business that makes such a positive difference to patients and customers. I'm grateful to colleagues across the business for their partnership and support. I look forward to welcoming Jill and working with her to ensure a smooth handover." Jill McConnell, Chief Financial Officer (Designate), said: "I'm delighted to be joining Convatec at such an exciting point in its journey. The company has a clear strategy, strong momentum and a compelling purpose centred on improving patients' lives. I look forward to working with colleagues across Convatec to accelerate sustainable growth and create long-term value for patients, customers and shareholders." * Written by: Amilia Stone

The Montreal Gazette
Oct 22nd, 2026
Convatec recognized with two prestigious Vizient(R) supplier Excellence Awards.

Convatec recognized with two prestigious Vizient(R) supplier Excellence Awards. Convatec honored as Non-Acute Supplier of the Year and recipient of Medical and Surgical Excellence Award BOSTON - Convatec, a leading medical products and technologies company focused on solutions for the management of chronic conditions, announced it has been recognized by Vizient(R), the largest provider-driven healthcare performance improvement company in the United States, with two... October 22, 2026 at 8:27 a.m. Convatec honored as Non-Acute Supplier of the Year and recipient of Medical and Surgical Excellence Award BOSTON - Convatec, a leading medical products and technologies company focused on solutions for the management of chronic conditions, announced it has been recognized by Vizient(R), the largest provider-driven healthcare performance improvement company in the United States, with two distinguished supplier awards, including 2026 Non-Acute Supplier of the Year and 2026 Medical and Surgical Excellence Award. The awards were presented at the Vizient(R) Connections Summit 2026 in Las Vegas, Nevada, and recognize suppliers that demonstrate exceptional performance, customer commitment, innovation, and value creation for healthcare providers across the United States. These awards recognise the clinical value, service excellence and trusted relationship Convatec delivers to healthcare providers across acute and non-acute care settings. The recognition was driven by Convatec's performance in Advanced Wound Care, Ostomy Care and Bowel Management, where the company continues to deliver meaningful value to healthcare providers through innovative solutions, trusted support, and a focus on improving patient outcomes. Gary Holder, Vice President, Corporate Accounts, Convatec, said: "Receiving both the Non-Acute Supplier of the Year and Medical and Surgical Excellence Awards is a tremendous honor and reflects the strength of our relationship with Vizient and its member organizations. We are especially proud that this recognition reflects the value our Advanced Wound Care, Ostomy Care, and Bowel Management portfolios deliver to healthcare providers, as well as the dedication of our colleagues who work every day to help improve outcomes for patients." Vizient's diverse client base includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute healthcare providers and represents more than $156 billion in annual purchasing volume. Vizient's supplier recognition program evaluates organizations based on customer service, innovation, operational excellence, and their ability to support member healthcare systems in achieving improved performance. Convatec earned these honors in competition with several leading healthcare companies, demonstrating the company's growing impact and trusted position within the healthcare ecosystem. Simrit Sandhu, president, spend management, Vizient, said: "Congratulations to Convatec on receiving the 2026 Non-Acute Supplier of the Year and Medical and Surgical Excellence Awards. This recognition reflects the company's commitment to supporting Vizient clients as they work to optimize performance, manage costs and strengthen the healthcare supply chain." The awards build on Convatec's recent momentum in strengthening relationships with major healthcare organizations, further reflecting the company's focus on delivering innovative solutions, responsive support, and long-term value across the continuum of care. About Convatec Pioneering trusted medical solutions to improve the lives we touch: Convatec is a global medical products and technologies company focused on solutions for the management of chronic conditions, with leading positions in Advanced Wound Care, Ostomy Care, Continence Care and Infusion Care. With over 10,000 colleagues, we provide products and services in around 90 countries, united by a promise to be forever caring. Our solutions provide a range of benefits, from infection prevention and treatment for hard-to-heal wounds, at-risk skin and ulcerated tissue to support for debilitating conditions, improved patient outcomes and reduced care costs. Convatec's revenues in 2025 were over $2 billion. The company is a constituent of the FTSE 100 Index (LSE:CTEC). To learn more, please visit http://www.convatecgroup.com.

MedTech Dive
Oct 5th, 2026
After years-long turnaround, Convatec's new CEO plans R&D push.

After years-long turnaround, Convatec's new CEO plans R&D push. Jonny Mason, who became CEO of the medtech firm a year ago following the death of Karim Bitar, said Convatec's pace of launching new devices has accelerated for 2026 and 2027. Published Oct. 5, 2026 As Convatec completes a multiyear effort to turn around the business, new CEO Jonny Mason plans to invest in research and development for future growth. The London-based medtech firm, which specializes in infusion care, wound care, ostomy care and continence, announced plans last year to expand its Boston-based R&D facility by 50%, and open a new facility in Manchester, England. Former CEO Karim Bitar joined Convatec in 2019 to develop a turnaround strategy for the company, which had struggled with profit warnings and a falling share price since it started trading on the London Stock Exchange. That plan involved focusing on Convatec's strengths, doubling its R&D investment and upping capital spending to rebuild its factories. Unfortunately, Bitar died suddenly last October while on medical leave. Mason, who joined Convatec in 2022 as CFO, has taken on Bitar's legacy after being named CEO in October. The turnaround is complete, Mason said, and Convatec is now aiming for sales growth of 6% to 8% next year, supported by a series of new product launches in each of its categories. MedTech Dive spoke with Mason about what's next for the company and its investment plans. Editor's note: This interview has been edited for length and clarity. MEDTECH DIVE: What are your top priorities as CEO? Is it a continuation of your work with Karim? Has anything changed? JONNY MASON: Something has changed, which is that we've increased our ambition. Karim very successfully took us through the turnaround strategy, and we acknowledged that the turnaround was complete last year. So it was time to step up a level. What Convatec is trying to do now is more than it's ever done before. We are launching more products in 2026 than we've ever done before. We're investing more capital. We're increasing capacity in our factories. So all of that requires the whole Convatec organization to execute more effectively, and to live and breathe a culture of purpose and performance. What segments do you see the most growth in for Convatec? All four of our categories are going to grow faster next year than they did this year because we're launching new products in all of those categories. But if you were to push me, infusion care is where our business is growing fastest, and that's because pump therapy is expanding in its treatment of patients, both in diabetes and also in Parkinson's disease. We're the world leader in the manufacture of infusion sets. The use of pump therapy as opposed to pills or multiple daily injections is increasing quickly around the world. So that piece of our business, we expect that to grow in double digits from next year onwards. What are some new devices to watch for? In [the infusion care] space, the most exciting thing is Parkinson's disease at the moment. AbbVie launched their Parkinson's therapy a couple of years ago, and that's growing really fast. And we are the exclusive supplier of infusion sets to them. But coming now are two other suppliers of Parkinson's disease therapies: Supernus and Mitsubishi Tanabe. We will be launching with them the infusion sets to support their Parkinson's therapy. Beyond that in infusion care, in a few years' time, we're working on higher volume and higher viscosity infusion sets, which will enable things like chemotherapy and/or pain relief to be treated with pump therapy. We launched a new product only yesterday [September 28] in the U.S. market, and this was an intermittent catheter called Cure Aqua. It's made of a hydrophilic polymer, which is friction free with just the application of water, and it's ready to use and it's in the value end of the market. So this is a product which is going to make life much better for a number of catheter users in the U.S. We launched eight new products between 2022 and 2025. And then in 2026 and 2027, we're doing eight more. So the pace of launch is accelerating. At the start of the year, the FDA had raised concerns with infusion sets made by subsidiary Unomedical in a warning letter. Do you have any updates on that? We are making good progress. We are in a very constructive dialog with the FDA. We understand exactly what their observations are. The observations did not relate to product quality nor to patient safety, and therefore they have not impacted our sales or our production at all. What they observed was that they said we weren't managing our complaints process well enough, and we accept that entirely. We're working with them to change it. They said the same thing, by the way, to various other operators within the diabetes sector. We're working constructively with them, making good progress. The nature of these things is that they take time, so we would like to think that we can get through all of this by the end of 2027.

Business Wire
Sep 28th, 2026
Convatec launches Cure Aqua ready-to-use catheter in US and Canada

Convatec has launched Cure Aqua™, a ready-to-use hydrophilic intermittent catheter, in the United States and Canada. The product expands the company's Cure™ catheter portfolio and was developed with input from people who catheterise. Cure Aqua™ features a hydrophilic coating for low-friction use, a no-touch handling sleeve, fire-polished eyelets, and easy-open packaging. It is available in female, male, and paediatric options. The catheter contains no DEHP/DINP, BPA, or natural rubber latex. The Boston and London-based medical products company focuses on solutions for chronic condition management. Convatec also plans to launch GentleCath Air Pocket™ and GentleCath Air Set™ in Europe later this year. The company reported revenues exceeding $2 billion in 2025.

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