Acquisition

RNS Number : 5498W

Smith & Nephew Plc

17 April 2019

 

Smith & Nephew Completes Acquisition of Leaf Healthcare, Inc.

17 April 2019

Smith & Nephew plc (LSE:SN, NYSE:SNN), the global medical technology business, announces it has completed the acquisition of Leaf Healthcare, Inc., the developer of the unique Leaf Patient Monitoring System to monitor the orientation and activity of patients susceptible to pressure ulcers. The transaction follows Smith & Nephew's successful two-year partnership with Leaf Healthcare as an exclusive distributor and strategic investor.

The Leaf Patient Monitoring System is a small, lightweight, wearable sensor that wirelessly monitors a patient's position and their mobility whilst in hospital. The tracking data is used to automate and document compliance with prescribed turn protocols for patients at risk of pressure injuries¹. Leaf, together with Smith & Nephew's ALLEVYN^◊ LIFE and ALLEVYN GENTLE BORDER and SECURA^◊ Skin Care products, offers customers a portfolio to help optimise pressure injury prevention protocols.

The commercial terms of the acquisition have not been disclosed. Leaf is currently only available in the US.

ENDS

Enquiries

Investors

Andrew Swift                                    [phone]
Smith & Nephew

Media

Charles Reynolds                             [phone]
Smith & Nephew

About Smith & Nephew

Smith & Nephew is a portfolio medical technology business with leadership positions in Orthopaedics, Advanced Wound Management and Sports Medicine. Smith & Nephew has more than 16,000 employees and a presence in more than 100 countries. Annual sales in 2018 were $4.9 billion. Smith & Nephew is a member of the FTSE100 (LSE:SN, NYSE:SNN). For more information about Smith & Nephew, please visit our corporate website www.smith-nephew.com and follow us on Twitter, LinkedIn or Facebook.

References

1.    Pickham, D., Pihulic, M., Valdez, A., et al. Pressure injury prevention practices in the ICU: Real-world data captured by wearable patient sensors. Wounds. 2018.

For detailed product information, including indications for use for use, contraindications, precautions and warnings, please consult each products Instructions for Use (IFU) prior to use.

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