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01 Apr 2019 | 09:46

Smith & Nephew to acquire Leaf Healthcare

Smith & Nephew said it had agreed to acquire Leaf Healthcare, a developer of a system for pressure injury prevention and patient mobility monitoring, for an undisclosed sum.

The transaction followed Smith & Nephew's two-year partnership with Leaf Healthcare as an exclusive distributor and strategic investor.

The transaction was expected to close in the second quarter 2019, subject to the satisfaction of customary conditions, and would be financed from existing cash and debt facilities.

At 9:46am: (LON:SN.) Smith Nephew PLC share price was +7.5p at 1530.5p

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