Smith & Nephew completed its previously-announced purchase of Rotation Medical for US $125.0MM. The acquisition cost may be increased by a further $85.0MM over five years, contingent on financial performance.
The Rotation Medical Rotator Cuff System, cleared by FDA in 2Q14, is a bioinductive implantdesigned to balance biomechanics and biology and enhance the body's natural healing response. Study results have indicated that the device may consistently heal rotator cuff tears, increase tendon thickness and prevent tear progression.
The implant will be sold by Smith & Nephew's sports medicine salesforce, into which the Rotation Medical sales team will be integrated.
Sources: Smith & Nephew plc; ORTHOWORLD Inc.