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Symmetry to boost surgical offering with purchase of J&J's Codman & Shurtleff

 
• By Madeleine Armstrong

Symmetry Medical has agreed to acquire the surgical instruments business of Johnson & Johnson subsidiary Codman & Shurtleff for $165m in cash. Symmetry will integrate Codman's products with its current direct hospital business, Specialty Surgical Instrumentation (SSi); the combined business will be renamed Symmetry Surgical.

Symmetry Medical has agreed to acquire the surgical instruments business of Johnson & Johnson subsidiary Codman & Shurtleff for $165m in cash. Symmetry will integrate Codman's products with its current direct hospital business, Specialty Surgical Instrumentation (SSi); the combined business will be renamed Symmetry Surgical.

The company estimates that the new unit, which will be based in Nashville, Tennessee, will have revenues of over $100m....

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