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Smith & Nephew Inc. (SNN) CEO Has $1.5 Billion for Acquisitions


8/2/2013 8:50:45 AM

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Smith & Nephew Plc (SN/), the U.K.’s biggest medical-device maker, has $1.5 billion to spend on acquisitions and is scouting wound-care companies in the U.S. as well as potential deals in trauma and sports medicine. Smith & Nephew also is looking to buy distributors and manufacturers in emerging markets to support a new focus on more affordable products for countries such as India, China, Brazil and Russia, Chief Executive Officer Olivier Bohuon said in an interview yesterday. The company plans to introduce its first so-called mid-tier wound products this year, he said.

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