Smith & Nephew Completes Acquisition of Blue Belt Technologies

Smith & Nephew, the global medical technology business, announced it has completed the acquisition of Blue Belt Holdings Inc. (“Blue Belt Technologies”), securing a leading position in the fast-growing area of orthopedic robotics-assisted surgery.
 
Blue Belt Technologies’ 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. Navio and Smith & Nephew’s partial knee implant portfolio form a strong combined business from which to accelerate growth in this attractive area of surgery. Additionally, the Group intends to expand the Navio platform into total knee, bi-cruciate retaining knee and revision knee implants, delivering significant further upside.