Smith+Nephew to acquire Engage Surgical for $135m.

Smith+Nephew, a multinational medical equipment manufacturing company, agreed to acquire Engage Surgical, a privately held orthopedic implant company, for $135m. "Smith+Nephew is now the only medical device company offering both cemented and cementless partial knee implants in the US, as well as robotics-assistance through the CORI™ Surgical System that is well-suited for the precise alignment needed. Through our Sports Medicine franchise we have an established, strong position in ASCs where the vast majority of partial knees in the US are performed. Our VISIONAIRE™ business, the high performance and small footprint of CORI, plus our partial knee portfolio, is a unique compelling offering for customers," Randy Kilburn, Smith+Nephew Executive Vice President & General Manager.