Smith & Nephew plc (NYSE: SNN) has been on a shopping spree this year. After reporting two deals in March and a third in April, they’re at it again. Now the medical device maker has acquired Atracsys Sarl, a Swiss medical device firm with a focus on robotics. The company provides optical navigation and robotic tracking components with applications in orthopedics, neurosurgery, spine and dental and other computer-assisted surgical procedures.
Atracsys’ FusionTrack 500 optical tracking camera will be a core enabling technology for Smith & Nephew’s multi-asset digital surgery and robotic ecosystem. This transaction meshes well with a recent purchase in particular.
No financial terms were disclosed. The acquisition is expected to close in the third quarter of 2019.
In March, S&N bought Brainlab’s joint reconstruction business, a digital health target. The orthopedic joint reconstruction business provides surgeons with digital workflow tools, and the technology is used in more than 40,000 orthopedic cases each year at more than 500 accounts worldwide. That deal enhanced Smith & Nephew’s multi-asset digital surgery and robotic ecosystem, much like its purchase of Atracsys. No terms were disclosed in that deal either.
