The Cooper Companies Inc   (COO)
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The Cooper Companies Inc

Business Description

The Cooper Companies Inc is an American medical device company that specializes in ophthalmology and fertility. The company*s history dates back to 1958 when it was founded by Martin Cooper to produce contact lenses under the name of ?Cooper Laboratories?. Over the years, the company has expanded its operations and it currently serves customers in more than 100 countries around the world.

Under its ophthalmology business, The Cooper Companies manufactures and markets a wide range of vision care products including soft contact lenses, silicone hydrogel lenses, toric lenses, multifocal lenses, and lens care solutions. The company*s contact lenses are designed to address different eye conditions such as astigmatism, presbyopia, and myopia. Its primary brands include Biofinity, Avaira, Proclear, and Clariti.

In addition to its ophthalmology business, The Cooper Companies also has a fertility business that produces products designed to aid couples in becoming pregnant. This business primarily focuses on developing and selling medical devices and consumables for assisted reproductive technologies, such as in-vitro fertilization (IVF). The Cooper Companies is a leader in this market with a strong presence in the US, Europe, and Japan.

The Cooper Companies operates in two primary segments: CooperVision and CooperSurgical. CooperVision includes the company*s vision care operations, while CooperSurgical encompasses its fertility products and services. These two segments are managed by different leadership teams within the company.

The Cooper Companies has made several strategic acquisitions over the years to expand its product portfolio and global reach. In 2014, the company acquired Sauflon Pharmaceuticals, a UK-based contact lens manufacturer, to strengthen its position in the European market. In 2017, it acquired the assets of Teva Pharmaceutical*s global women*s health business, making it one of the largest women*s health companies in the world.

The company has a diversified customer base, which includes eye care professionals, hospitals, clinics, and retail stores. The Cooper Companies also operates its own e-commerce channel through which patients can purchase contact lenses directly from the company.

The corporate headquarters of The Cooper Companies is located in San Ramon, California. The company has a global footprint, with manufacturing and distribution facilities located in the United States, Europe, and Asia. The company employs more than 12,000 people worldwide and reported a revenue of $2.6 billion in FY2020.

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