Halyard Health, formerly Kimberly-Clark Health Care, is a medical manufacturer. Operating 11 global manufacturing facilities with 12,000 employees worldwide, Halyard Health generates approximately $1.7 billion in net revenues and is traded on the NYSE under the ticker symbol "HYH." On March 26, 1872, Kimberly, Clark & Co. was established in Neenah, Wisconsin through the partnership of four businessmen—John A. Kimberly, Havilah Babcock, Charles B. Clark and Frank C. Shattuck. The first healthcare product by Kimberly-Clark was absorbent wadding, intended to replace cotton. It was used as a bandage for wounded soldiers in World War I. Army nurses adapted the material for menstrual use. Kaycel fabric for surgical gowns was developed by Kimberly-Clark in 1960 for use in field hospitals during the Korean War.