Tucked inside a nondescript complex in Arden Hills, Smiths Medical has produced reliable drug pumps and medical devices with stagnant revenue growth that invited years of speculation that the business could be spun off by its London-based owners at any moment.
What a difference 18 months makes.
Smiths Medical has a new CEO, and the company is moving into a shiny world headquarters in Plymouth, where it will spend an enhanced R&D budget.
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