Smith & Nephew makes wound care buy
By HME News Staff
Updated Tue November 26, 2013
LONDON - Smith & Nephew has agreed to acquire the wound management-related assets and business of Brazil's Politec Saude, furthering its plans to build an emerging markets business, according to a Nov. 26 release. Politec Saude is Brazil's lone distributor of Smith & Nephew advanced wound management products. “Brazil is an exciting long-term opportunity and this is an important investment which creates a significant platform from which we can grow,” said Olivier Bohuon, Smith & Nephew CEO. The acquisition comprises one-quarter of Politic's total business; the company will continue to operate its other businesses as usual, according to the release.
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