Smith & Nephew buys Zimmer's U.S. High Flex Knee business

• Smith & Nephew (SNN +0.2%) acquires Zimmer Holdings' (ZMH +1.2%) Unicompartmental High Flex Knee business in the U.S., including all existing inventory and certain intellectual property. Financial terms are not disclosed.
• The device is indicated as an early intervention for patients with unresolved medial or lateral compartmental arthritis.