Smith & Nephew makes wound care buy
LONDON – Smith & Nephew has agreed to acquire the wound management-related assets and business of Brazil’s Politec Saude, furthering its plans to build an emerging markets business, according to a Nov. 26 release. Politec Saude is Brazil’s lone distributor of Smith & Nephew advanced wound management products. “Brazil is an exciting long-term opportunity and this is an important investment which creates a significant platform from which we can grow,” said Olivier Bohuon, Smith & Nephew CEO. The acquisition comprises one-quarter of Politic’s total business; the company will continue to operate its other businesses as usual, according to the release.