Thursday 21 September 2017

Smith & Nephew shows ambition with acquisition of American ArthroCare

Close up of an ArthroCare product called the ArthroWand
Close up of an ArthroCare product called the ArthroWand

John Lynch

For many of a certain age the word 'hip' has changed its meaning. One time it was something we all wanted to be; it was 'cool', smart and 'state of the art'. Unfortunately for some of us hip has begun to mean something that might soon have to be replaced. However, I am happy to reveal this morning that I have found the company that combines 'hip' and hips. It is called Smith & Nephew (S&N) and has recently been named by 'Forbes' magazine as one of the "most innovative companies in the world".

S&N is a UK-based global medical technology company. It is also Europe's biggest manufacturer of artificial joints and a world leader in replacement hips. It has worldwide sales of $4.3bn (€3.1bn), employs 11,000 people, sells its products in 90 countries, and has 10 manufacturing plants around the globe.

The company became a household name in 1928 when it introduced Elastoplast, a product that has never since dropped off the 'must have' list in medicine cabinets around the world.

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