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...Smith & Nephew on Thursday said it had won a SFr159m ($141m, £109m) cut in the purchase price of Plus Orthopedics, the business which caused it to issue a shock profit warning in May last year....
...Smith & Nephew, Europe’s largest medical device maker, has initiated legal proceedings in Switzerland against the vendors of Plus Orthopedics, a private Swiss orthopaedics company it bought for $889m (£455m...
...Smith & Nephew, the UK-based medical devices group, is considering clawing back some of the $889m it paid last year for its Swiss rival Plus Orthopedics after unearthing “unethical” sales practices by the...
...S&N was trading at 655p before the company revealed in May that it had discovered “unethical” sales practices at its Plus Orthopedics division....
...A lot of mergers and acquisitions go wrong – but few quite so spectacularly as Smith & Nephew’s SFr1.1bn (£531m) purchase of Switzerland’s Plus Orthopedics....
...The implants were manufactured for subsidiary Plus Orthopedics which S&N bought in March. They typically cost between $1,500 (£726) and $2,000 each, according to one analyst....
...British medical devices firm Smith & Nephew said on Monday it had agreed to buy Switzerland’s privately-owned Plus Orthodpedics for $889m in cash, including debt....
...Smith & Nephew, the UK medical device maker, has agreed to buy Plus Orthopedics Holding, a privately-owned Swiss group, for SFr1.09bn (£450m) cash, including assumed debt....
...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...
...We’ve got you a splendid new acquisition – Plus Orthopedics. It’s Swiss – beautifully engineered, as you’d expect from the clock people....
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