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Smith and Nephew Closes Acquisition of Leaf Healthcare
Tuesday 23 April 2019

23 April 2019 - UK-based molecular diagnostics group Yourgene Health plc (AIM: YGEN) has completed the acquisition of Leaf Healthcare, Inc., the developer of the Leaf Patient Monitoring System to monitor the orientation and activity of patients susceptible to pressure ulcers, the group said.

The transaction follows Smith and Nephew's successful two-year partnership with Leaf Healthcare as an exclusive distributor and strategic investor.

The Leaf Patient Monitoring System is a small, lightweight, wearable sensor that wirelessly monitors a patient's position and their mobility whilst in hospital.

The tracking data is used to automate and document compliance with prescribed turn protocols for patients at risk of pressure injuries.

Leaf, together with Smith and Nephew's Allevyn Life and Allevyn Gentle Border and Secura Skin Care products, offers customers a portfolio to help optimise pressure injury prevention protocols.

The commercial terms of the acquisition have not been disclosed. Leaf is currently only available in the US.
 
Smith and Nephew is a portfolio medical technology business with leadership positions in Orthopaedics, Advanced Wound Management and Sports Medicine. Smith and Nephew has more than 16,000 employees and a presence in more than 100 countries.

Annual sales in 2018 were USD 4.9bn.
Details
Date Published: 23/04/2019
Target: Leaf Healthcare, Leaf Patient Monitoring System
Country: UK
Sector: Healthcare
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Yourgene Health
Comment:
Terms of the deal were not disclosed

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