March 28 2016, 17.02 PM IST || Pocket News Alert
Chandigarh, 28th March 2016:
Smith & Nephew, the global medical technology business, has recently 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.With this acquisition, Smith & Nephew will introduce Blue Belt Technologies’ NAVIO surgical system to India for the first time.
Commenting on the same,Mr. Badhri Iyengar, Managing Director- India,Smith & Nephew Healthcare said, “We are committed to bring in the best technologies to improve people’s lives across the globe. With our recent partnership with Blue Belt Technologies, we aim to offer high degree accuracy in placing implants with the help of Navio technology. With ease of use and attractive economics, Navio will redefine robotics in orthopaedic surgery.”
Smith & Nephew intends to expand the NAVIO platform into total knee, bi-cruciate retaining knee and revision knee implants, delivering significant further upside.
About Smith & Nephew
Smith & Nephew is a global medical technology business dedicated to helping healthcare professionals improve people's lives. With leadership positions in Orthopaedic Reconstruction, Advanced Wound Management,Sports Medicine and Trauma & Extremities, Smith & Nephew has around 14,000 employees and a presence in more than 100 countries. Annual sales in 2014 were more than $4.6 billion. Smith & Nephew is a member of the FTSE100 (LSE: SN, NYSE:SNN).
