Smith & Nephew completes acquisition of surgical robotics business Blue Belt Technologies
5 January 2016
Smith & Nephew (LSE:SN, NYSE:SNN), the global medical technology business, announces it has completed the acquisition of Blue Belt Holdings, Inc. (???Blue Belt Technologies???), securing a leading position in the fast-growing area of orthopaedic robotics-assisted surgery.
Blue Belt Technologies??? NAVIO??? surgical system currently provides robotics-assistance in unicondylar or partial knee replacement surgery through CT-free navigation software and a unique hand-held, robotic bone-shaping device. NAVIO and Smith & Nephew???s partial knee implant portfolio form a strong combined business from which to accelerate growth in this attractive area of surgery. Additionally, the Group intends to expand the NAVIO platform into total knee, bi-cruciate retaining knee and revision knee implants, delivering significant further upside.