Smith & Nephew Advanced Wound Management Division Announces Plan to Move BlueSky California Facility to Largo, Florida
27 June 2007 - 11:00PM
PR Newswire (US)
LARGO, Fla., June 27 /PRNewswire-FirstCall/ -- The Advanced Wound
Management division of Smith & Nephew plc
(LSE:SNLSE:NYSE:LSE:SNN), the global medical technology business,
announced today its plans to move the operations of its negative
pressure wound therapy (NPWT) business from California to its US
headquarters in Largo, Florida. There will be a phased withdrawal
from the facility in California which is expected to close in about
six month's time. The move to Florida is planned as part of the
integration of BlueSky Medical Group Inc which was acquired in May
this year. BlueSky's products are part of Smith & Nephew's
range of customer solutions for hard-to-heal wounds and are the
cornerstone for the development of Smith & Nephew's global NPWT
business. Joe Woody, President of Advanced Wound Management said,
"We are very excited about BlueSky's products and the opportunities
in the negative pressure wound therapy market. This move is the
first step in integrating BlueSky with Smith & Nephew and
creates a firm base for our long term position in this market. It
also improves our ability to meet our customers' needs for NPWT
products. We are working closely with the employees at BlueSky
Medical to ensure a smooth transition." About us Smith & Nephew
is a global medical technology business, specialising in
Orthopaedic Reconstruction, Orthopaedic Trauma and Clinical
Therapies, Endoscopy and Advanced Wound Management products. Smith
& Nephew is a global leader in arthroscopy and advanced wound
management and is one of the leading global orthopaedics companies.
Smith & Nephew is dedicated to helping improve people's lives.
The Company prides itself on the strength of its relationships with
its surgeons and professional healthcare customers, with whom its
name is synonymous with high standards of performance, innovation
and trust. The Company has over 8,800 employees and operates in 31
countries around the world generating annual sales of $2.8 billion.
Forward-Looking Statements This press release contains certain
"forward-looking statements" within the meaning of the US Private
Securities Litigation Reform Act of 1995. In particular, statements
regarding expected revenue growth and trading margins discussed
under "Outlook" are forward-looking statements as are discussions
of our product pipeline. These statements, as well as the phrases
"aim", "plan", "intend", "anticipate", "well-placed", "believe",
"estimate", "expect", "target", "consider" and similar expressions,
are generally intended to identify forward-looking statements. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors (including, but not
limited to, the outcome of litigation, claims and regulatory
approvals) that could cause the actual results, performance or
achievements of Smith & Nephew, or industry results, to differ
materially from any future results, performance or achievements
expressed or implied by such forward- looking statements. 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 20F, for a discussion of certain
of these factors. All forward-looking statements in this press
release are based on information available to Smith & Nephew as
of the date hereof. All written or oral forward-looking statements
attributable to Smith & Nephew or any person acting on behalf
of Smith & Nephew are expressly qualified in their entirety by
the foregoing. Smith & Nephew does not undertake any obligation
to update or revise any forward-looking statement contained herein
to reflect any change in Smith & Nephew's expectation with
regard thereto or any change in events, conditions or circumstances
on which any such statement is based. DATASOURCE: Smith &
Nephew plc CONTACT: Sidonie Myers, of Smith & Nephew Advanced
Wound Management, +44-1482-673246
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