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Smith & Nephew to acquire Zimmer uni knee system in US market
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Smith & Nephew recently announced the acquisition of the Zimmer’s Unicompartmental High Flex Knee system in the U.S. market.
Under the terms of the agreement, Smith & Nephew has purchased all existing physical inventory of the knee system, as well as specific intellectual property for the U.S. market.
Financial terms of the transaction, which is scheduled to close within 3 business days following the completion of the merger of Zimmer and Biomet, were not immediately available.
“Our acquisition of this product line expands our access to a fast growing segment of the joint reconstruction market,” the President of Global Orthopaedic Franchises for Smith & Nephew, Brad Cannon, stated in a company release. “We look forward to welcoming many new customers to Smith & Nephew and are excited by this opportunity to demonstrate first-hand our excellent customer service and broad range of advanced surgical products.”
Reference: www.smith&nephew.com.