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Smith & Nephew to acquire Ceterix Orthopaedics for up to $105M · Endata

◂ Announcements

Dec 18, 2018ACQUISITIONFremont, California, United States

Smith & Nephew to acquire Ceterix Orthopaedics for up to $105M

Smith & Nephew agreed to acquire Ceterix Orthopaedics and its NovoStitch Pro knee repair device for up to $105 million, including $50 million upfront and $55 million in earn-outs.

Value

$105.0M

Status

Announced

ProductsNovoStitch Pro knee repair device

CompaniesSmith & Nephew acquirer Ceterix Orthopaedics target Ceterix target

Sectors#Medical Devices

“Smith & Nephew today announces that it has agreed to acquire Ceterix Orthopaedics and its NovoStitch Pro knee repair device.”massdevice.com

3 sources
massdevice.comSmith & Nephew to pay up to $105m for Ceterix Orthopaedics - MassDeviceBrad PerrielloDec 18, 2018
hulldailymail.co.ukSmith & Nephew to spend up to £80m buying US medical tech firm - Hull LivePhil WinterJan 4, 2019
thehealthcaretechnologyreport.comSmith & Nephew Acquires Ceterix for Potential $105M –Feb 13, 2019

Summarized from public sources; check the original articles before acting on it.

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