Hints and tips:
...For Cardinal, an Ohio-based health services group, the acquisition fits its expansion plans in cardiology as well as wound management and orthopedics....
...said he was reallocating capital internally at the company to focus on areas providing the greatest potential returns, and placing increasing emphasis on innovative products including in wound care and orthopedics...
...Healthcare stocks bounced back from Friday’s big sell-off but analysts remained concerned that government healthcare schemes may limit expensive cardiovascular and orthopedic treatments....
...“Additional deals in orthopedics make little sense to us as J&J already has critical mass and we see little innovation within the space going forward,” it said....
...Although the bank is neutral on hospital equity and credit, analysts said the group is likely to be able to negotiate “steep” discounts on orthopedic and cardiac medical devices and told investors they should...
...The purchase should grow S&N’s share of the global orthopedic reconstruction market to 12 per cent, making it the fourth-largest group in this field....
...The Plus Orthopedics acquisition doubles S&N’s share of the European replacement-jointmarket and gives it a 12 per cent share globally. The company will assume $190m of debt....
...Smith & Nephew, the UK medical device maker which has looked vulnerable to a bid since failing to buy Biomet last year, has agreed to buy Plus Orthopedics Holding, a privately-owned Swiss group, for SFr1.09bn...
...Private equity firms are in pole position to buy orthopedics maker Biomet, reports the Wall Street Journal....
...We’ve got you a splendid new acquisition – Plus Orthopedics. It’s Swiss – beautifully engineered, as you’d expect from the clock people....
...“As announced on 2nd November 2006, Smith & Nephew plc has been in discussions with the Board of Biomet Inc with a view to combining the two businesses....
...Based in Warsaw, Indiana, Biomet is best known for its orthopedic products, such as joint replacements and spinal products....
...“There were the boy scouts, the orthopedic hospital and the United Way [a community volunteer body]....
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