Medtech acquires tissue regeneration firm in $200m deal
Global medtech Smith & Nephew has invested more than $200m in the acquisition of an innovative biotech.
The group, whose UK orthopaedics operation is based at Warwick Technology Park, has entered into an agreement to acquire Rotation Medical Inc, a developer of a novel tissue regeneration technology for shoulder rotator cuff repair.
The deal is for an initial cash consideration of $125m and up to $85m over the next five years, contingent on financial performance.
Smith & Nephew CEO Oliver Bohuon said: "Rotation Medica... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
