M&A Deal Summary

Smith & Nephew Acquires Midland Medical Technologies

On March 19, 2004, Smith & Nephew acquired medical products company Midland Medical Technologies for 67M GBP

Acquisition Highlights
  • This is Smith & Nephew’s 5th transaction in the Medical Products sector.
  • This is Smith & Nephew’s 12th largest (disclosed) transaction.
  • This is Smith & Nephew’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2004-03-19
Target Midland Medical Technologies
Sector Medical Products
Buyer(s) Smith & Nephew
Deal Type Add-on Acquisition
Deal Value 67M GBP

Target

Midland Medical Technologies

Vincent Drive, United Kingdom
Midland Medical Technologies Ltd is a provider of metal-on-metal hip resurfacing products.

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Buyer(S) 1

Buyer

Smith & Nephew

Watford, United Kingdom

website


Category Company
Founded 1856
Sector Medical Products
Employees18,000
Revenue 5.2B USD (2022)
DESCRIPTION

Smith & Nephew is a British-based multinational medical equipment manufacturing company. Smith & Nephew was founded in 1856 and is based in Watford, the United Kingdom.


DEAL STATS #
Overall 6 of 34
Sector (Medical Products) 5 of 23
Type (Add-on Acquisition) 5 of 25
Country (United Kingdom) 1 of 2
Year (2004) 3 of 3
Size (of disclosed) 12 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-09 Reed Medical Designs

Warsaw, Indiana, United States

Reed Medical Designs, Inc. is a provider of audio-visual (A/V) technology to hospitals and other healthcare institutions. A/V solutions improve operating room efficiency by facilitating audio and video communication and conferencing inside and outside the operating room. A/V systems typically include cameras, monitors, media control systems and amplifiers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-31 Smith & Nephew - Dermagraft Product

United Kingdom

Smith & Nephew - Dermagraft Product is intended for the treatment of diabetic foot ulcer.

Sell -