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Smith & Nephew pays $1.7bn to acquire sports medicine company ArthroCare

Executive Summary

Smith & Nephew PLC has strengthened its surgical resection and sports medicine businesses through the acquisition of minimally invasive surgical device company ArthroCare Corp., paying $48.25 per share in cash, a slight premium to ArthroCare’s pre-announcement closing average, for a total consideration of $1.7bn--more than four and a half times the company’s 2012 sales.

Deal Industry
  • Medical Devices
  • Medical Devices
    • Implantable Devices
    • Radiofrequency Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Contract
    • Payment Includes Cash

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