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Smith & Nephew To Divest DonJoy Bracing And Support Division For $200 Mil.

This article was originally published in The Gray Sheet

Executive Summary

Smith & Nephew's bracing and support division expects to have greater control over its international distribution system once the unit is divested from the parent company.

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Smith & Nephew

Firm's recently divested bracing and support systems division, including DonJoy and ProCare orthopedics product lines, changes its name to dj Orthopedics, LLC. Sold April 30 to Chase Capital Partners, Fairfield Chase Medical Partners and senior management for approximately $202 mil., the business will focus on expanding product lines and identifying growth opportunities, including collaborations with other firms (1"The Gray Sheet" May 10, p. 23)

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