The company has committed the cash, half of which it is paying upfront, to buy Integrity Orthopaedics for its rotator cuff repair system.
Smith & Nephew to acquire Integrity Orthopaedics for up to $450M
Smith & Nephew plans to acquire Integrity Orthopaedics for up to $450 million, with as much as $225 million tied to performance milestones over five years. The deal follows Smith & Nephew’s 2017 acquisition of Rotation Medical, and Integrity’s founder-CEO Tom Westling, who previously co-founded Rotation Medical, will lead the integrated Tendon Seam business. Tendon…
510(k) 510(k) clearance Acquisition Acquisition Strategy biologic implant Deal Terms Integrity Orthopaedics M&A Medical Devices MedTech Mergers & Acquisitions Mergers and acquisitions Orthopedics Performance-based earn-out Performance-based payments Regulatory (510(k)) Rotation Medical Rotator Cuff Rotator cuff repair Smith & Nephew Strategic acquisition Strategic expansion Surgical devices Suture anchors Tendon Seam