Blueprint
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of
1934
April 17, 2019
Commission
File Number 001-14978
SMITH & NEPHEW
plc
(Registrant's
name)
15 Adam
Street
London, England WC2N 6LA
(Address
of registrant's principal executive offices)
[Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.]
Form
20-F
X
Form 40-F
---
---
[Indicate
by check mark if the registrant is submitting the Form 6-K
in
paper
as permitted by Regulation S-T Rule 101(b)(1).]
Yes
No X
---
---
[Indicate
by check mark if the registrant is submitting the Form 6-K
in
paper
as permitted by Regulation S-T Rule 101(b)(7).]
Yes
No X
---
---
[Indicate
by check mark whether by furnishing the information
contained
in this
Form, the registrant is also thereby furnishing information to
the
Commission
pursuant to Rule 12g3-2 (b) under the Securities Exchange Act
of
1934.]
Yes
No X
---
---
If
"Yes" is marked, indicate below the file number assigned to
the
registrant
in connection with Rule 12g3-2 (b) : 82- n/a.
Smith & Nephew Completes Acquisition of Leaf Healthcare,
Inc.
17 April 2019
Smith & Nephew plc (LSE:SN, NYSE:SNN), the global medical
technology business, announces it has completed the acquisition of
Leaf Healthcare, Inc., the developer of the unique Leaf Patient
Monitoring System to monitor the orientation and activity of
patients susceptible to pressure ulcers. The transaction follows
Smith & Nephew's successful two-year partnership with Leaf
Healthcare as an exclusive distributor and strategic
investor.
The Leaf Patient Monitoring System is a small, lightweight,
wearable sensor that wirelessly monitors a patient's position and
their mobility whilst in hospital. The tracking data is used to
automate and document compliance with prescribed turn protocols for
patients at risk of pressure injuries1.
Leaf, together with Smith & Nephew's ALLEVYN◊ LIFE
and ALLEVYN GENTLE BORDER and SECURA◊ Skin
Care products, offers customers a portfolio to help optimise
pressure injury prevention protocols.
The commercial terms of the acquisition have not been
disclosed. Leaf is currently only available in the
US.
ENDS
Enquiries
Investors
|
Andrew Swift
|
+44
(0) 20 7960 2285
|
Smith
& Nephew
Media
|
Charles
Reynolds
|
+44
(0) 1923 477314
|
Smith
& Nephew
About Smith & Nephew
Smith & Nephew is a portfolio medical technology business with
leadership positions in Orthopaedics, Advanced Wound Management and
Sports Medicine. Smith & Nephew has more than 16,000 employees
and a presence in more than 100 countries. Annual sales in 2018
were $4.9 billion. Smith & Nephew is a member of the FTSE100
(LSE:SN, NYSE:SNN). For more information about Smith & Nephew,
please visit our corporate website www.smith-nephew.com and
follow us on Twitter, LinkedIn or Facebook.
References
1. Pickham,
D., Pihulic, M., Valdez, A., et al. Pressure injury prevention
practices in the ICU: Real-world data captured by wearable patient
sensors. Wounds. 2018.
For detailed product information, including indications for use for
use, contraindications, precautions and warnings, please consult
each products Instructions for Use (IFU) prior to use.
Forward-looking Statements
This document may contain forward-looking statements that may or
may not prove accurate. For example, statements regarding expected
revenue growth and trading margins, market trends and our product
pipeline are forward-looking statements. Phrases such as "aim",
"plan", "intend", "anticipate", "well-placed", "believe",
"estimate", "expect", "target", "consider" and similar expressions
are generally intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause actual
results to differ materially from what is expressed or implied by
the statements. For Smith & Nephew, these factors include:
economic and financial conditions in the markets we serve,
especially those affecting health care providers, payers and
customers; price levels for established and innovative medical
devices; developments in medical technology; regulatory approvals,
reimbursement decisions or other government actions; product
defects or recalls or other problems with quality management
systems or failure to comply with related regulations; litigation
relating to patent or other claims; legal compliance risks and
related investigative, remedial or enforcement actions; disruption
to our supply chain or operations or those of our suppliers;
competition for qualified personnel; strategic actions, including
acquisitions and dispositions, our success in performing due
diligence, valuing and integrating acquired businesses; disruption
that may result from transactions or other changes we make in our
business plans or organisation to adapt to market developments; and
numerous other matters that affect us or our markets, including
those of a political, economic, business, competitive or
reputational nature. Please refer to the documents that Smith &
Nephew has filed with the U.S. Securities and Exchange Commission
under the U.S. Securities Exchange Act of 1934, as amended,
including Smith & Nephew's most recent annual report on Form
20-F, for a discussion of certain of these factors. Any
forward-looking statement is based on information available to
Smith & Nephew as of the date of the statement. All written or
oral forward-looking statements attributable to Smith & Nephew
are qualified by this caution. Smith & Nephew does not
undertake any obligation to update or revise any forward-looking
statement to reflect any change in circumstances or in Smith &
Nephew's expectations.
◊Trademark of Smith & Nephew. Certain marks registered US
Patent and Trademark Office.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
Smith
& Nephew Plc
(Registrant)
Date: April
17, 2019
By: /s/
Susan Swabey
-----------------
Susan
Swabey
Company
Secretary