Smith & Nephew Tops European M&A Targets for Second Year in Row


Smith & Nephew Plc, the British maker of replacement knee joints and medical devices, is the top European acquisition target for the second year in a row in a Bloomberg survey of traders and analysts.

Smith & Nephew, which has a market value of about $14.6 billion, has been repeatedly linked to a tie-up with U.S. peer Stryker Corp. in media reports. In December, financial blog Street Insider said Stryker had offered about $18 billion for the U.K. company, citing a person with knowledge of the matter who it didn’t name.

Stryker Chief Executive Officer Kevin Lobo said this month that M&A is a priority for the company and will continue to drive sales growth.


About Peter Coffaro 1104 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

Be the first to comment

Leave a Reply

Your email address will not be published.