Smith & Nephew’s Acquisition of Tusker Medical

Jones Day advised Smith & Nephew plc.

Smith+Nephew (LSE:SN, NYSE:SNN), the global medical technology business, announced it has acquired California-based Tusker Medical, Inc., the developer of the Tula System, an in-office solution for tympanostomy tubes. The acquisition supports Smith+Nephew’s strategy to invest in innovative technologies that address unmet clinical needs.

The transaction was financed from existing cash and debt facilities. The commercial terms have not been disclosed.

The Jones Day team was led by Ken Boehner (Picture).

Involved fees earner: Kenneth Boehner – Jones Day;

Law Firms: Jones Day;

Clients: Smith & Nephew;

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Author: Ambrogio Visconti