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News

Smith & Nephew Endoscopy sells its vascular business to InaVein

Smith And Nephew Endoscopy : 23 November, 2007  (New Product)
Smith & Nephew's Endoscopy Division has announced the sale of its vascular business to InaVein, a Boston-area investor group led by Jonathan Donaldson and Patrick Maley, longstanding members of the medical device marketplace.
The sale supports Endoscopy Dvivision's objective to refine its product portfolio as part of Smith & Nephew's overall Earnings Improvement Program, which was announced early this year.

The vascular business includes the Trivex System for minimally invasive removal of varicose veins, and the Tumescent Catheter Inversion (TCI) System for the removal of the greater saphenous vein, a procedure which can prevent further varicose vein formation.

'This decision supports our strategy to increase focus on our core arthroscopy business and extend Smith & Nephew's leadership in the knee, shoulder, hip and small joint repair markets,' said Mike Frazzette, president, Smith & Nephew Endoscopy. 'We feel confident that the new owners of the vascular business will build upon the foundation of excellence and innovation that Smith & Nephew represents.'


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