M&A Deal Summary

Smith & Nephew Acquires Tenet Medical Engineering

On June 23, 2011, Smith & Nephew acquired medical products company Tenet Medical Engineering

Acquisition Highlights
  • This is Smith & Nephew’s 9th transaction in the Medical Products sector.
  • This is Smith & Nephew’s 1st transaction in Canada.
  • This is Smith & Nephew’s 1st transaction in Alberta.

M&A Deal Summary
Date 2011-06-23
Target Tenet Medical Engineering
Sector Medical Products
Buyer(s) Smith & Nephew
Deal Type Add-on Acquisition

Target

Tenet Medical Engineering

Calgary, Alberta, Canada
Tenet Medical Engineering, Inc. markets major edge technology in the area of patient positioning such as intuitive positioning controls, increased versatility, adjustability and stability, global compatibility and fully integrated systems used in arthroscopic surgery.

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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 11 of 34
Sector (Medical Products) 9 of 23
Type (Add-on Acquisition) 10 of 25
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-07 Smith & Nephew Interventional Pain Assets

United Kingdom

Smith & Nephew Interventional Pain Assets consists of several innovative interventional spine pain products, such as the CDS Discography System, SPINECATHTM and ACUTHERMTM Catheters and a broad line of radiofrequency products. NeuroTherm will also become a distributor of the TRUCATHTM Injection System within the interventional spine pain market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 Focus Product Developments - Aderma Range of Dermal Pads

United Kingdom

Focus Product Developments - Aderma Range of Dermal Pads a simple product to help prevent pressure damage. Dermal Pads are made from a unique polymer gel that redistributes pressure, allowing clinicians to protect bony prominences to help prevent skin damage.

Buy -
Mergr

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