Smith & Nephew spends $18 million on arthroscopy firm
This article was originally published in Clinica
Executive Summary
Smith & Nephew is to expand its arthroscopy and sports medicine business with the acquisition of US company Orthopaedic Biosystems for $18 million. Smith & Nephew says the deal will significantly strengthen its position in the shoulder repair market - using devices to reattach muscle and ligaments to bone in the shoulder - the fastest growing sector of arthroscopy.
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