Smith & Nephew Completes Blue Belt Holdings Buy

Smith & Nephew has completed its acquisition of Blue Belt Holdings for $275 million.

Blue Belt specializes in the field of orthopedic robotics-assisted surgery. It manufactures the NAVIO surgical system, which provides robotics-assistance in unicondylar or partial knee replacement surgery using CT-free navigation software, as well as a hand-held robotic bone-shaping device.

Smith & Nephew also announced intentions to expand the NAVIO platform into total knee, bi-cruciate retaining knee and revision knee implants. — Michael Cipriano