Smith+Nephew has completed its acquisition of Integrity Orthopaedics, adding the FDA-cleared Tendon Seam rotator cuff repair system to its shoulder portfolio.
The deal supports Smith+Nephew’s RISE strategy to accelerate growth and expands its repair offering alongside the Regeneten bioinductive implant, according to a Jan. 21 news release.
The $225 million cash transaction includes up to $225 million in performance-based payments over five years.
