LONDON (AP) ? British medical technology company Smith & Nephew PLC says it is buying Texas-based Healthpoint Biotherapeutics for $782 million.
Smith & Nephew CEO Olivier Bohuon said Wednesday that the acquisition would strengthen the company's position in bioactive wound care.
Bohuon said, "It brings material revenues from a fast growing product range, an attractive pipeline, and commercial and R&D capabilities upon which we will build."
The British company said Healthpoint, which has 460 employees, would continue to be based in Fort Worth.
Source: http://news.yahoo.com/uk-firm-buys-texas-based-healthpoint-782-mln-105013520--finance.html
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