Smith & Nephew

Infobox Company
company_name = Smith & Nephew plc
company_
company_type = Public (lse|SN.)
foundation = 1856
location = London, England
key_people = John Buchanan, Chairman
David Illingworth, CEO
industry = Medical devices
products =
revenue = $3,369 million (2007)
operating_income = $493 million (2007)
net_income = $316 million (2007)
num_employees =
parent =
subsid =
homepage = [http://www.smith-nephew.com www.smith-nephew.com]
footnotes =

Smith & Nephew (lse|SN.) is a British medical devices company headquartered in London and active internationally. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History

The Company was founded in 1856 by Thomas James Smith of Hull who went into business as a dispensing chemist. [http://global.smith-nephew.com/master/who_we_are_our_history_6182.htm Smith & Nephew History] ] In 1896 he was joined by his nephew, Horatio Nelson Smith, and the business became known as "T.J. Smith and Nephew". In 1928 the Company developed the wound management product Elastoplast. In 1986 it went on to acquire Richards Medical Company, a US specialist in orthopaedic products for £201 million.

In September 2007 Biomet Inc., DePuy Orthopaedics Inc. (part of Johnson & Johnson), Smith & Nephew PLC and Zimmer Holdings Inc. entered into settlement agreements, under which they agree to pay $300m in total, adopt industry overhauls and undertake corporate monitoring to avoid criminal charges of conspiracy. [ [http://www.reuters.com/article/fundsFundsNews/idUSN1141539420071011 Biomet stays part of informal SEC probe] ]

Operations

Smith & Nephew operates in three market segments:
*Wound management: advanced treatments for difficult wounds.
*Endoscopy: products for minimally invasive surgery.
*Orthopaedics: hip and knee implants and trauma products, based in Memphis, Tennessee.

Smith & Nephew won Manufacturer of the Year in 2007. [ [http://www.ontargetmag.com/article.aspx?issueID=104&articleID=709 Smith & Nephew wins manufacturing award] ]

References

External links

* [http://www.smith-nephew.com/ Official site]
* [http://uk.finance.yahoo.com/q/pr?s=SN.L Yahoo profile]
* [http://www.birminghamhipresurfacing.com Birmingham Hip Resurfacing]