Smith & Nephew
Smith & Nephew enters the negative pressure wound therapy market through the acquisition of BlueSky Medical Group, Inc
Published in Law and Health Weekly, June 2nd, 2007
Smith & Nephew plc (LSE: SN, NYSE: SNN), the global medical technology business, announces that its Advanced Wound Management business has agreed to purchase BlueSky Medical Group, Inc ("BlueSky"), a privately-held company headquartered in Carlsbad, California, from its founders for an initial payment of $15 million. The company has developed products for treating chronic wounds using negative pressure wound therapy ("NPWT") and manufactures a range of negative pressure pumps and wound dressing kits to serve its global customer base.
The market for NPWT is the fastest growing segment of the woundcare market. It has expanded rapidly in recent years and is now estimated...
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