M&A Deal Summary

Smith & Nephew Acquires Orthopaedic Biosystems

On November 20, 2000, Smith & Nephew acquired medical products company Orthopaedic Biosystems for 18M GBP

Acquisition Highlights
  • This is Smith & Nephew’s 2nd transaction in the Medical Products sector.
  • This is Smith & Nephew’s 14th largest (disclosed) transaction.
  • This is Smith & Nephew’s 2nd transaction in the United States.
  • This is Smith & Nephew’s 1st transaction in Arizona.

M&A Deal Summary

Date 2000-11-20
Target Orthopaedic Biosystems
Sector Medical Products
Buyer(s) Smith & Nephew
Deal Type Add-on Acquisition
Deal Value 18M GBP

Target

Orthopaedic Biosystems

Scottsdale, Arizona, United States
Orthopaedic Biosystems Ltd. has built up a rapidly expanding business selling highly effective, simple to use devices for surgeons to re-attach muscle and ligaments to bone in the shoulder. Shoulder repair is one of the fastest growing sectors in arthroscopic surgery and OBL enjoys significant success in this field with its focused product offering.

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Buyer(S) 1

Buyer

Smith & Nephew

Watford, United Kingdom

Category Company
Founded 1856
Sector Medical Products
Employees18,452
Revenue 5.5B USD (2023)
DESCRIPTION

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


DEAL STATS #
Overall 2 of 34
Sector (Medical Products) 2 of 23
Type (Add-on Acquisition) 2 of 25
State (Arizona) 1 of 1
Country (United States) 2 of 21
Year (2000) 1 of 1
Size (of disclosed) 14 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 Exogen

Piscataway, New Jersey, United States

Exogen, Inc. provides medical technologies focused on the biophysical treatment of musculoskeletal injury and disease.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-14 ORATEC Interventions

Menlo Park, California, United States

Oratec develops and markets medical devices that use radio-controlled thermal energy to treat joint and spine disorders, and is a market leader in radio-frequency-based arthroscopic procedures.

Buy $310M