Smith & Nephew sells bracing and support division
This article was originally published in Clinica
Executive Summary
Smith & Nephew's sale of its orthopaedic bracing and support division for £124 million ($200 million) will allow it to make a sizeable acquisition in one of its three core businesses - orthopaedics, endoscopy and woundcare. The sale has boosted the company's purchasing power to around £800 million, analysts suggest.