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Smith & Nephew acquires Tenet Medical Engineering Inc.

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Smith & Nephew, on behalf of its endoscopy division, acquired TENET Medical Engineering Inc., a privately held company based in Calgary, Alberta.

TENET markets technology in the area of patient positioning, such as positioning controls, increased versatility, adjustability and stability, global compatibility and fully integrated systems used in arthroscopic surgery.

“TENET is well known as the premier provider of patient positioning systems to surgeons and medical facilities around the world,” Mike Frazzette, president of Smith & Nephew Endoscopy, stated in a company release. “TENET also brings considerable material expertise and a global awareness of customer needs, all of which complements Smith & Nephew’s own deep understanding of arthroscopic procedures and techniques.”

TENET’s products will be sold through Smith & Nephew Endoscopy’s global sales team. Prior to the acquisition, Smith & Nephew Endoscopy had a long-standing distribution agreement in place to be the distributor of choice for TENET’s patient positioning products. Terms of the agreement were not disclosed.