The Cooper Companies

The Cooper Companies, Inc., branded as CooperCompanies, is a global medical device company headquartered in San Ramon, California.[2] 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 healthcare market.[3]

History

Parker Montgomery, a lawyer, bought Martin H. Smith Co. in 1958. The company was renamed to Cooper, Tinsley Laboratories, Inc. in 1961. Its name was changed to Cooper Laboratories Inc. in 1967,[4][5] and entered the contact lens business when it acquired British lens maker GlobalVision in 1972.[6]

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.[7]

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.[8] CooperVision serves contact lens wearers and eye care practitioners.[9] 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.[10]

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.[11][12] It is headquartered in Trumbull, Connecticut.

Acquisitions

Ocular Sciences Inc. was acquired by CooperVision in 2005.[13]

CooperSurgical acquired AEGEA Medical, a medical manufacturing company in February 2021.[14] A month later, in March, the company acquired Safe Obstetric Systems,[15][12] and in December 2021, CooperSurgical acquired Generate Life Sciences for $1.6 billion.[16]

In March 2022, CooperSurgical acquired Cook Medical's reproductive health business for $875 million.[17] During that same year the company acquired EnsEyers, a supplier of orthokeratology and scleral contact lenses.[18]

See also

• List of S&P 400 companies

External links