Smith & Nephew Acquires Engage Surgical for $135 Million

Smith & Nephew, a $4.6b UK-based sports medicine, joint repair, surgical access and woundcare technology producer, has acquired, Engage Surgical, a developer of a proprietary cementless partial knee system. The deal distinguishes Smith & Nephew as the only medical device company offering both cemented and cementless partial knee implants in the US, as well as robotics-assistance through the CORI Surgical System via the addition of Engage's cementeless system.  Engage Surgical’s Partial Knee System uses 3D-printed implants featuring porous surfaces that can bind more naturally to the bone without requiring cement. Deal Terms -- $135m upfront plus milestones.

Keywords: Healthcare Investment Banking, Healthcare M&A, Healthcare Mergers, Orthopedic, Implant