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S&N sells majority stake of orthobiologics unit to VC Essex to set up JV

This article was originally published in Clinica

Executive Summary

Smith & Nephew is selling a major stake in its non-core orthobiologics unit to healthcare private equity firm Essex Woodlands and the business will be set up as a joint venture. The transaction includes an injection of funds to S&N and is expected to close in the "next few months", pending regulatory approval.

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