Smith & Nephew, which announced to acquire Blue Belt Holdings Inc for $ 275 million in October last year, recently completed the Blue Belt deal, securing a leading position in the fast-growing area of orthopaedic robotics-assisted surgery.
The Navio surgical system currently provides robotics-assistance in unicondylar or partial knee replacement surgery through CT-free navigation software and a unique hand-held, robotic bone-shaping device. The combination of Blue Belt Technologies with Smith & Nephew’s Knee Implant franchise creates a strong combined partial knee portfolio to accelerate growth in the attractive area of partial knee replacement surgery.
Badhri Iyengar, managing director - India, Smith & Nephew Healthcare, said, “We are committed to bring in the best technologies to improve people’s lives across the globe. With our recent partnership with Blue Belt Technologies, we aim to offer high degree accuracy in placing implants with the help of Navio technology. With ease of use and attractive economics, Navio will redefine robotics in orthopaedic surgery.”
Smith & Nephew intends to expand the Navio platform into total knee, bi-cruciate retaining knee and revision knee implants, delivering significant further upside.
Smith & Nephew is a global medical technology business dedicated to helping healthcare professionals improve people's lives. With leadership positions in orthopaedic reconstruction, advanced wound management, sports medicine and trauma & extremities, Smith & Nephew recorded annual sales of more than $4.6 billion in 2014 and has presence in more than 100 countries.
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