Smith & Nephew (NYSE:SNN) said today that it acquired Switzerland-based Atracsys Sarl and its optical tracking camera technology. The deal, which is expected to close in the third quarter of 2019, adds a “core enabling technology” to Smith & Nephew’s digital surgery and robotic platform, according to the medtech company. Smith & Nephew’s next-gen robotics platform […]
Smith & Nephew launch Conquest FN femoral neck fracture system
Smith & Nephew (NYSE:SNN) said today it launched its Conquest FN system intended to treat femoral neck fractures. The London-based company touted that the Conquest FN system is designed to address challenges associated with femoral neck fractures and provide intra-operative and post-operative reduction control. Smith & Nephew said they collaborated with FX devices to use its […]
7 companies using robot-assisted surgery to transform orthopedics
It seems as if every orthopedic device company is getting involved in robot-assisted surgery — rolling out robots to assist surgeons operating on the knee, hip, shoulder or spine. Two events in recent years especially signaled that robots were coming into their own in the space: Stryker spent $1.7 billion for Mako Surgical in order […]
Smith & Nephew closes Brainlab ortho asset buy
Smith & Nephew (NYSE:SNN) said today that it closed its acquisition of Brainlab‘s orthopedic joint reconstruction biz, which was originally announced in March. London-based Smith & Nephew that the acquisition will support its strategy as it looks to further its multi-asset digital surgery and robotic ecosystem. Brainlab’s orthopedic joint reconstruction biz produces digital workflow solutions for […]
Is the orthopedic device space in the midst of a robot revolution?
Stryker’s success with its Mako robot-assisted surgery platform has other orthopedic device companies hastening to enter the space. The big question is whether long-term outcomes will justify the expensive technology. More than five years after spending $1.7 billion to acquire Mako Surgical, Stryker is leading the way bringing robot-assisted surgery to the orthopedic space. The […]
Smith & Nephew gains on raised outlook
Smith & Nephew (NYSE:SNN) shares gained in London and New York today after the medical device giant met the consensus forecast for its first-quarter sales and raised its top-line outlook on the rest of the year. The London-based wound care and orthopedics company reported sales growth of 0.5% to $1.20 billion, in line with the […]
Smith & Nephew closes Osiris Therapeutics, Leaf Healthcare buys
Smith & Nephew (NYSE:SNN) said today that it closed both its $660 million acquisition of Osiris Therapeutics (NSDQ:OSIR) and its purchase of Leaf Healthcare and its Leaf Patient Monitoring System. The London-based company said that it paid $19 per share in cash for Osiris, which develops and produces regenerative medicine products including skin, bone grafts and articular […]
Smith & Nephew expands robotics R&D footprint in Pittsburgh
Smith & Nephew (NYSE:SNN) is slated to open a new robotics R&D and medical education center in Pittsburgh in 2020, according to a report from the Pittsburgh Post-Gazette. The facilities are located in the city’s Strip district, according to the report, and will triple the floor space for London-based Smith & Nephew’s robotics business, which currently […]
The 10 largest orthopedic device companies in the world
Robot-assisted surgery continues to generate headlines in the orthopedics space. But there is so much more going on among the world’s largest orthopedic device companies. Go to our sister site Medical Design & Outsourcing and discover what’s new among the 10 largest companies in the medical device industry’s ortho sector. Next>> Note: Medical Design […]
Report: Smith & Nephew IT worker helps police nab laptop thief
An IT worker at a Smith & Nephew (NYSE:SNN) facility in North Attleboro, Mass. has aided officials in arresting a man accused of breaking into six businesses in the area and stealing laptops and other items, according to a report from the Mansfield News. The suspect, 56-year-old Reginald Shepard, allegedly began breaking into businesses in the […]
Smith & Nephew to acquire patient monitor dev Leaf Healthcare
Smith & Nephew (NYSE:SNN) said today that it inked a deal to acquire patient monitoring system developer Leaf Healthcare for an undisclosed amount. London-based Smith & Nephew said that the acquisition follows a successful two-year partnership deal with Pleasanton, Calif.-based Leaf Healthcare in which Smith & Nephew served as its exclusive distributor and as a strategic investor. Leaf […]
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