October 2008
Page 3


New Owners at ConvaTec

Dear Valued ConvaTec Customers, I am excited to share important news with you about the future of ConvaTec. On May 2nd, 2008, Bristol-Meyers Squibb company announced a definitive agreement with Nordic Capital and Avista Capital Partners to acquire the ConvaTec business. We believe this announcement heralds great things for our business and our many customers in the wound and ostomy care communities. Nordic Capital and Avista Capital partners are outstanding companies with proven records of success in the healthcare field. Together, we are confident that the agreement positions ConvaTec for a new phase of accelerated growth, innovation and development, benefiting our customers around the world.

As the acquisition progresses, we will continue to provide you with the same high-quality products and product-related services you expect from ConvaTec. Additionally, we remain committed to our partnership with the healthcare community, to upholding healthcare compliance, and to business practices that fully embody responsibility, integrity and trust.

ConvaTec is proud of our nearly 30-year heritage and our many contributions towards advancing the fields of modern wound and ostomy care. Today, we are equally energized about our future as part of Nordic Capital and Avista Capital partners.

As we move forward, what remains unchanged is our passion for making a Difference in peoples' lives. I would like to take this opportunity to thank you for your support and your trust in our company, our products and services. We are committed to remaining as focused as ever on serving your needs, now and in the future.

Sylvain Chiasson
General Manager, ConvaTec Canada

Via Inside Out On-line Oct/08.


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