type public limited company traded as lse sn nyse snn industry medical equipment founded 1856 ; 160 years ago 1856 kingston upon hull headquarters london and hull united kingdom key people roberto quarta chairman olivier bohuon ceo revenue 4 634 million 2015 1 operating income 628 million 2015 1 net income 410 million 2015 1 number of employees 14 000 2016 2 website www.smith nephew.com smith & nephew plc is a british based multinational medical equipment manufacturing company headquartered in london united kingdom . 3 it is an international producer of advanced wound management products arthroscopy products trauma and clinical therapy products and orthopedic reconstruction products . 2 its products are sold in over 120 countries . 2 contents 1 history 2 operations 3 controversies 4 awards 5 references 6 books 7 external links history edit the company was founded in 1856 by thomas james smith of kingston upon hull who went into business as a dispensing chemist . 4 a few months before his death in 1896 smith was joined by his nephew horatio nelson smith and the business became known as t.j. smith and nephew . 4 in 1928 the company acquired the licence to market and produce the elastoplast range of bandages . by 1977 the company acquired the pump manufacturer watson marlow pumps before selling it to spirax sarco engineering in 1990 . 5 in 1986 it went on to acquire richards medical company a us specialist in orthopaedic products for 201 million . 4 in 2002 the company acquired oratec interventions a surgical devices business for 310 million . 6 it went on to buy midland medical technologies a hip resurfacing business for 67 million in 2004 . 7 the company acquired plus orthopedics a swiss orthopedics business for us 889 million in april 2007 8 and bluesky a us wound care business for 110 million in may 2007 . 9 in september 2007 biomet inc. depuy orthopaedics inc. part of johnson & johnson smith & nephew plc and zimmer holdings inc. entered into settlement agreements under which they agree to pay 300 million in total adopt industry overhauls and undertake corporate monitoring to avoid criminal charges of conspiracy . 10 the company acquired healthpoint biotherapeutics a specialist in the bioactives area of advanced wound management for 782 million in december 2012 . 11 in february 2014 smith & nephew announced the purchase of arthrocare for us 1.7 billion in cash . this was seen as a move to broaden the company s sports medicine range for minimally invasive surgery moves the company into the ear nose & throat market . 12 operations edit the smith and nephew factory in kingston upon hull united kingdom smith & nephew operates in three market segments through separate global business units under the smith & nephew brand name advanced wound management advanced treatments for difficult wounds . endoscopy products for minimally invasive surgery based in andover massachusetts . orthopaedics hip and knee implants and trauma products based in memphis tennessee . controversies edit in february 2012 smith & nephew plc agreed to pay us 22.2 million to settle multiple us foreign corrupt practices act fcpa offenses committed by its us and german subsidiaries . 13 under the new agreements smith & nephew plc paid 5.4 million in restitution and interest to settle the sec s civil charges . its u.s. subsidiary smith & nephew inc. paid a 16.8 million criminal fine . 14 the company admitted to having bribed government employed doctors in greece to use its medical equipment over the past decade . 15 the company has entered into a deferred prosecution agreement with the us department of justice doj and has agreed to retain a compliance monitor for 18 months . 16 awards edit awards include manufacturer of the year in 2007 17 smith & nephew advanced wound management won logistics and supply chain manufacturer award 2006 18 asm international 2005 engineering materials achievement award for smith & nephew s trademarked oxinium technology 19 smith & nephew s back pain study receives outstanding paper award at north american spine society 2003 annual meeting 20 references edit a b c preliminary results 2015 pdf . smith & nephew plc. retrieved 26 march 2016 . a b c about us . smith & nephew . retrieved 26 march 2016 . snn profile smith & nephew snats inc. comm stock yahoo finance . finance.yahoo.com . retrieved 5 september 2012 . a b c smith & nephew history . global.smith nephew.com . retrieved 2 april 2013 . watson marlow profile . watson marlow.se . retrieved 18 april 2011 . smith & nephew to buy oratec for 310mm in cash . windhover information . february 2002 . retrieved 8 march 2009 . smith & nephew buys uk hip resurfacing business . biomedical materials . 1 may 2004 . retrieved 8 march 2009 via highbeam . smith & nephew buys swiss company plus orthopedics . biomedical materials . 1 april 2007 . retrieved 8 march 2009 via highbeam . smith & nephew buys wound care firm bluesky for 110m . independent . 12 may 2007 . retrieved 8 march 2009 . biomet stays part of informal sec probe . reuters . 11 october 2007 . retrieved 2 august 2008 . smith & nephew to buy healthpoint for 782 million bloomberg 28 november 2012 smith & nephew to buy arthrocare for 1.7 billion in cash bloomberg 3 february 2014 the fcpa blog 6 february 2012 . smith & nephew reaches 22 million settlement . the fcpa blog . smith & nephew to pay 22.2 m in us settlements . 6 february 2012 . andrew jack 6 february 2012 . smith & nephew in 22m bribes fine . the financial times . office of public affairs 6 february 2012 . medical device company smith & nephew resolves foreign corrupt practices act investigation . the united states department of justice . smith & nephew wins manufacturing award . on target . 2007 . retrieved 2 august 2008 . oliver wright smith & nephew wins award for oxinium technology bimedical materials 1 november 2005 north american spine society 2003 annual meeting smith & nephew press release books edit j foreman peck smith & nephew in the health care industry edward elgar 1995 external links edit companies portal official corporate website yahoo finance profile birmingham hip resurfacing v t e ftse 100 companies of the united kingdom ftse 250 3i admiral group anglo american antofagasta ashtead group associated british foods astrazeneca aviva bae systems bhp billiton bp babcock international barclays barratt developments british american tobacco british land bt group bunzl burberry capita carnival centrica coca cola hbc compass group crh croda international dcc diageo direct line group dixons carphone easyjet experian fresnillo gkn glaxosmithkline glencore hammerson hargreaves lansdown hikma pharmaceuticals hsbc imperial brands informa intercontinental hotels group international airlines group intertek intu properties itv johnson matthey kingfisher land securities group legal & general lloyds banking group london stock exchange group marks & spencer mediclinic international merlin entertainments micro focus international mondi morrisons national grid next old mutual paddy power betfair pearson persimmon polymetal international provident prudential randgold resources royal bank of scotland reckitt benckiser relx group rio tinto group rolls royce royal dutch shell royal mail rsa insurance group sage group j sainsbury schroders severn trent shire sky smith & nephew smiths group sse standard chartered standard life st. james s place taylor wimpey tesco travis perkins tui unilever united utilities vodafone whitbread wolseley worldpay wpp retrieved from https en.wikipedia.org w index.php title smith % 26 nephew & oldid 743597386 categories companies listed on the new york stock exchangecompanies established in 1856manufacturing companies of the united kingdomcompanies listed on the london stock exchangecompanies based in londonhidden categories use british english from june 2013use dmy dates from april 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in 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