Smith & Nephew to Acquire Zimmer's Unicondylar Knee System in US Market


LONDON – Smith and Nephew (NYSE:SNN; LSE:SN), the global medical technology business, today announced an agreement to acquire the Zimmer® Unicompartmental High Flex Knee (ZUK) system in the US market. ZUK is a clinically proven uni knee replacement introduced globally in 2004. Smith Nephew has purchased all existing inventory and certain intellectual property for the US market.



The transaction will close within three business days after the merger between Zimmer® and Biomet® has closed.



"Our acquisition of this product line expands our access to a fast growing segment of the joint reconstruction market," says Brad Cannon, President of Global Orthopaedic Franchises. "We look forward to welcoming many new customers to Smith & Nephew and are excited by this opportunity to demonstrate first-hand our excellent customer service and broad range of advanced surgical products."



Terms of the transaction were not disclosed.



About Smith & Nephew

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 has around 14,000 employees and a presence in more than 100 countries. Annual sales in 2013 were more than $4.3 billion. Smith & Nephew is a member of the FTSE100 (LSE: SN, NYSE: SNN).



For more information about Smith & Nephew, please visit our corporate website www.smith-nephew.com.



SOURCE Smith & Nephew



CONTACT: Media, Joe Metzger, Smith & Nephew, +1 (978) 749-1330, Investor/Analyst, Ingeborg Oie, Smith & Nephew, +44 (0)20 7401 7646



Web Site: http://www.smith-nephew.com

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