Smith & Nephew Seeks To Buy India's Adler Mediequip For $300 Million
This article was originally published in PharmAsia News
Executive Summary
India's Adler Mediequip Private, maker of medical devices for use in treating traumas, is the target of a $300 million buyout effort by the U.K.'s Smith & Nephew, which said it intends to acquire the company and its brands.
India's Adler Mediequip Private, maker of medical devices for use in treating traumas, is the target of a $300 million buyout effort by the U.K.'s Smith & Nephew, which said it intends to acquire the company and its brands. The U.K. giant said it would attempt to buy Adler shares to expand its businesses in wound-care and minimally invasive-surgery devices. The Smith & Nephew move followed closely on the heels of its $70 million acquisition of Pro Cirurgia Especializada distributor in Brazil. (Click here for more
)
"Smith & Nephew Buys India Trauma Business to Return To Growth" - Bloomberg (U.S.) (5/2/2013)