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The Cooper Companies

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The Cooper Companies, Inc.
Company typePublic
IndustryMedical Devices
Founded1958; 66 years ago (1958)
HeadquartersSan Ramon, California, U.S.
Area served
Worldwide
Key people
Albert G. White III
(President & CEO)
ProductsMedical Devices
507,600,000 United States dollar (2022) Edit this on Wikidata
385,800,000 United States dollar (2022) Edit this on Wikidata
Number of employees
approx. 15,000 (October 2023)
Websitecoopercos.com

The Cooper Companies, Inc., branded as CooperCompanies, is a global medical device company headquartered in San Ramon, California.[1] The company consists of two business units, CooperVision (CVI) which manufactures contact lenses, and CooperSurgical (CSI), which manufactures medical devices and fertility and genomic products for the women's health care market.[2]

History

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CooperCompanies was founded in 1958 as Martin H. Smith Co. and in 1961, incorporated as Cooper Tinsley Laboratories Inc. The company changed its name to Cooper Laboratories Inc. in 1967, and entered the contact lens business when it acquired British lens maker GlobalVision in 1972.[3]

In 1980, Cooper Laboratories reorganized into three business groups: CooperVision, CooperCare and CooperBiomedical, with Cooper Medical Devices Corp. added as a fourth group one year later.[citation needed]

The company was renamed The Cooper Companies in 1987. Three years later, it was further restructured into three business units: CooperVision, CooperSurgical and CooperVision Pharmaceuticals (dissolved in 2003).

Currently, the firm operates as two business units: CooperVision and CooperSurgical.[4] CooperVision serves contact lens wearers and eye care practitioners.[5] Products include a range of daily, two-week and monthly disposable contact lenses, and other spherical, toric and multifocal lenses for astigmatism, nearsightedness and farsightedness, and presbyopia.[6] In 2022, CooperVision acquired EnsEyers, a supplier of orthokeratology and scleral contact lenses.[7]

CooperSurgical is the medical device and fertility and genomics unit of the companies. It became a business unit in 1990 and its focus includes women's health and fertility.[8][9]

Albert G. White III was named president and CEO in May 2018.[10] Holly Sheffield was named President of CooperSurgical effective July 2020.[11] In February 2021, CooperSurgical acquired AEGEA Medical, a medical manufacturing company.[12] In March 2021, the company acquired Safe Obstetric Systems.[13][9] In December 2021, CooperSurgical acquired Generate Life Sciences for $1.6 billion.[14]

In March 2022, CooperSurgical acquired Cook Medical's reproductive health business for $875 million.[15]

See also

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References

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  1. ^ Rogers, Jack (2022-08-03). "Bay Area Surgical Device Maker Plans 1.2M SF Expansion". GlobeSt. Retrieved 2022-11-22.
  2. ^ "The Cooper Companies - Consensus Indicates Potential 22.2% Upside - DirectorsTalk Interviews". 26 April 2022.
  3. ^ Rüsche, Sven Oliver. "Sauerland Nachrichten". Südwestfalen Nachrichten | Am Puls der Heimat. (in German). Retrieved 2022-07-22.
  4. ^ Devarasetti, Hasini (2022-02-08). "CooperCompanies to acquire Cook Medical's Reproductive Health business". Medical Device Network. Retrieved 2023-11-21.
  5. ^ "The Top 25 Healthcare Technology Leaders of Jacksonville for 2022". The Healthcare Technology Report. 20 September 2022. Retrieved 2022-12-10.
  6. ^ "CooperVision". CooperVision.
  7. ^ Whooley, Sean (2022-06-01). "CooperVision buys EnsEyes to accelerate specialty contact lens growth in Nordic countries". MassDevice. Retrieved 2023-01-09.
  8. ^ Leuty, Ron (2022-02-09). "How an East Bay giant is buying into a vision for women's reproductive health". www.bizjournals.com. Retrieved 2023-01-03.
  9. ^ a b Hale, Conor (2022-02-08). "CooperSurgical to acquire Cook Medical's IVF, OB-GYN businesses for $875M". Fierce Biotech. Retrieved 2023-01-03.
  10. ^ "CooperVision Parent Names CEO". INVISIONMAG.COM. 2018-03-09. Retrieved 2022-11-29.
  11. ^ "The Top 25 Women Leaders in Medical Devices of 2021". The Healthcare Technology Report. 2021-01-26. Retrieved 2022-12-10.
  12. ^ "CooperSurgical buys US company AEGEA Medical". NS Medical Devices. 2021-02-03. Retrieved 2023-01-18.
  13. ^ Boyle, Annette (2022-02-08). "Cooper acquires Cook's reproductive health lines for $875M". www.bioworld.com. Retrieved 2023-01-24.
  14. ^ "CooperCompanies wraps up acquisition of Generate Life Sciences". NS Medical Devices. 2021-12-20. Retrieved 2023-01-18.
  15. ^ Newmarker, Chris (2022-02-07). "CooperCompanies to buy Cook Medical's reproductive health business for $875M". MassDevice. Retrieved 2023-11-21.
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