Essex Woodlands

Smith & Nephew and Essex Woodlands share resources to create Bioventus

Friday, January 6, 2012

Smith & Nephew, a U.K.-based global media technology business, established a joint biologics venture with Essex Woodlands (U.S.), a special healthcare growth equity and venture capital firm headquartered in Durham, N.C. The move will bolster Essex Woodland’s pre-existing biologics and clinical therapies division in Durham, while Smith & Nephew will receive approximately $98 million cash and a $160 million five-year note from the new entity, Bioventus.

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