S&N will pay $275 million to buy Blue Belt, which is still in the red and is expected to generate only $19 million in revenue for 2015 through sales of its Navio surgical system. The firm's sales team has been vocal in support of acquiring the technology, executives said.
Smith & Nephew PLC is paying a significant premium to acquire Blue Belt Technologies Inc.and get a foothold in the growing orthopedic robotics surgery market.
Under the terms of the agreement, S&N will pay $275 million – using existing debt facilities – to buy Blue...