Hints and tips:
...Nath took over Smith & Nephew last year, promising to turn around its struggling orthopaedics division. The company’s other divisions, sports medicine and wound management, outperform the market....
...Much depends on the group’s ability to turn its key orthopaedics division around....
...The announcement of the new chief came as Smith & Nephew’s fourth quarter revenues missed analysts’ expectations, with sales in its orthopaedics business hampered by global supply chain disruption....
...It also sold its footwear and orthopaedic care brand Scholl to Boston-based private equity buyer Yellow Wood....
...The orthopaedic implant maker’s 2020 operating profit slumped to $295m from $815m the year before....
...short order, Mr Nawana has overhauled much of the FTSE 100 company’s executive leadership and begun to discuss using dealmaking as a way to grow in businesses adjacent to its existing product lines in orthopaedic...
...The orthopaedics franchise, which includes products such as knee and hip implants, reported growth of 3.4 per cent....
...Mr Nawana appointed presidents for each division — sports medicine; orthopaedics and wound management — in an attempt to train a sharper focus on results in each part of the business....
...The company reported growth in each three of its product lines — orthopaedic reconstruction, sports medicine and wound care....
...The deal comes as Mr Nawana has been clear about his intentions use dealmaking as a way to grow in businesses adjacent to its existing product lines in orthopaedic reconstruction, sports medicine and wound...
...He has installed presidents for each division — sports medicine; orthopaedics and wound management — in an attempt to sharpen execution in a sector marked by constant evolution....
...It recently announced it had entered into a 15-year managed service partnership agreement to run orthopaedic services for Guy’s and St Thomas’s NHS Foundation Trust in London, understood to be worth £300m...
...Ann James, chief executive of University Hospitals Plymouth, said the deal would see emergency orthopaedic care separated from planned work....
...Besides Stryker, other leaders in the industry include Johnson & Johnson, which acquired orthopaedic device maker Synthes for $21.3bn in 2012, and Zimmer Biomet, which was formed by a $14bn takeover in 2014...
...NHS patients can choose for some procedures, said it had been affected by “continuing weakness in the NHS business where we see new signs of further NHS triaging and rationing in H2 2018, especially in orthopaedics...
...In August 2017, the company acquired CellRight Technologies, a biotech company whose human tissue scaffolds are used in spine, trauma, general orthopaedic, foot and ankle, dental, and sports medicine surgical...
...Smith & Nephew, another Elliott target, jumped to a five-month high amid a retread of takeover speculation around the orthopaedic devices maker....
...” ● Alphavalue weighs up the chances of a bid approach for orthopaedics group Smith & Nephew on the back of reported stakebuilding in October by Elliott Management, the activist investor....
...S&N’s own sales have grown more than that, partly because there is more to the company than just orthopaedics. Two-fifths of revenue comes from sports medicine, another quarter from wound management....
...Ten years ago, “all people were talking about really were stents and pacemakers and orthopaedic joints. Most of those markets are pretty mature now with growth rates that are slowing.”...
...Smith & Nephew edged 0.8 per cent lower to £12.37 amid speculation that Wright Medical, its $3.1bn valued US peer, could be a takeover target for one of the major orthopaedics groups....
...In the West Midlands, the Royal Orthopaedic Hospital reduced operations from 2,284 to 1,554 in 2015-16 while BMI grew hip and knee operations by 72 per cent....
...Circle already provides orthopaedic services in Bedfordshire as well as running a number of private hospitals....
...The number of self-paying patients also grew sharply as patients sought to avoid long NHS waiting lists for orthopaedic procedures such as hip and knee replacements....
...In October the company completed a $275m acquisition of Blue Belt Technologies, a business involved in orthopaedic robotics assisted surgery....
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