ANDOVER, Mass., June 23, 2011 /PRNewswire/ — Smith &
Nephew, (NYSE:
SNN; LSE: SN), on behalf of its Endoscopy Division announced
today the acquisition of privately-held, Calgary, Alberta-based
TENET Medical Engineering, Inc.
TENET markets leading 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.
TENET’s products are complementary to Smith & Nephew’s
existing comprehensive arthroscopy portfolio and will be sold
through Smith & Nephew Endoscopy’s global sales team. Prior to
the acquisition, Smith & Nephew Endoscopy had a long-standing
distribution agreement in place to be the distributor of choice for
TENET’s patient positioning products.
“TENET is well known as the premier provider of patient
positioning systems to surgeons and medical facilities around the
world,” commented Mike Frazzette, president, Smith & Nephew
Endoscopy. “TENET also brings considerable material expertise
and a global awareness of customer needs, all of which complements
Smith & Nephew’s own deep understanding of arthroscopic
procedures and techniques.”
Terms of the agreement were not disclosed.
About Smith & NephewSmith & Nephew is a global
medical technology business with global leadership positions in
Orthopaedics, including Reconstruction, Trauma and Clinical
Therapies; Endoscopy, including Sports Medicine; and Advanced Wound
Management. Smith & Nephew is a global leader in
arthroscopy and advanced wound management and is one of the leading
global orthopaedics companies. Smith & Nephew is dedicated to
helping improve people’s lives. The Company prides itself on
the strength of its relationships with its surgeons and
professional healthcare cust
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