21st Jan 2026 16:27
Smith & Nephew PLC - Watford, England-based medical device manufacturer - Completes the acquisition of sports medicine business Integrity Orthopaedics Inc, in a deal worth up to USD450 million. Smith & Nephew announced the acquisition of the US-based firm on January 12, expecting the deal to complete before the end of the month. The transaction included an initial cash payment of USD225 million, and additional performance-based payments up to USD225 million over the next five years.
"The acquisition supports Smith & Nephew's RISE strategy to accelerate growth through strategic investment and portfolio leadership, and will be an important building block in our ambition to become the global leader in sports medicine," says Smith & Nephew.
Current stock price: 1,211.00 pence, up 0.9% on Wednesday in London
12-month change: up 17%
By Christopher Ward, Alliance News reporter
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