Smith & Nephew (SNN) completed its acquisition of Blue Belt Technologies, developer of the Navio surgical robotics-assistance system for unicondylar or partial knee replacement. The transaction was announced in early 4Q15.
Source: Smith & Nephew plc
Blue Belt formed in 2003 to advance the development of technology from Carnegie Mellon University’s Robotics Institute. From 2013, the company entered into a variety of partnerships for use of its surgical assistance technology with companies like DePuy Synthes, DJO, Kinamed, SNN and SurgCenter Development.
SNN intends to expand the Navio platform:
- Total knee application slated to launch in 2017, supporting the JOURNEY II knee
- Bi-cruciate retaining system, complementing SNN's development of the JOURNEY II XR
- Revision knee in the pipeline (an area not presently served by robotics), as well as applications for total hip and sports-medicine