Investors Call for Spinoff of Smith & Nephew's Orthopaedics Unit, the Financial Times Says, Citing Sources

Dow Jones11-14

-- Three major investors called for a spinoff of Smith & Nephew's struggling orthopaedics business after the British medical device maker last month cut its full-year guidance, the Financial Times reports.

-- Some investors said a private equity firm could potentially acquire the company's largest but slowest growing of its three divisions, according to the FT.

-- A Smith & Nephew spokeswoman said that operational fixes and sharper commercial execution were in place, including in U.S. Orthopaedics where knee and hip implants have returned to growth.

Full story: https://on.ft.com/3AK4E0v

Write to Helena Smolak at helena.smolak@wsj.com

(END) Dow Jones Newswires

November 14, 2024 03:34 ET (08:34 GMT)

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