UK orthopedics powerhouse Smith & Nephew PLC says it plans to buy Rotation Medical Inc. in a bid to boost its existing sports-medicine portfolio. Smith & Nephew is offering to buy Rotation Medical for $125m and could pay up to another $85m over five years based on its financial performance.
Rotation has an FDA-cleared regeneration technology system intended to repair shoulder cuffs. The system includes a bioinductive implant and disposable arthroscopic instruments. The bioinductive implant works by inducting new-tendon like...
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