RTTNews | Sep 29, 2020 09:29AM EDT

09:29 Tuesday, September 29, 2020 (RTTNews.com) - Smith+Nephew (SN.L, SNN) has agreed to acquire the Extremity Orthopaedics business of Integra LifeSciences Holdings Corp. (IART) for $240 million. Smith+Nephew said the acquisition will significantly strengthen its extremities business by adding a combination of a focused sales channel, complementary shoulder replacement and upper and lower extremities portfolio, and a new product pipeline.

The business operates from facilities in Austin, Texas, which includes a surgeon training facility, as well as in Lyon, France. Around 300 employees are anticipated to join Smith+Nephew on completion of the deal.

Smith+Nephew noted that the Extremity Orthopaedics R&D pipeline includes a next-generation shoulder replacement system, which is anticipated to be ready for full commercial launch in 2022.

Read the original article on RTTNews ( https://www.rttnews.com/3132261/smith-nephew-to-acquire-extremity-orthopaedics-unit-of-integra-quick-facts.aspx)

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