Medtronic buys Smith & Nephew's gynecology (GYN) business including TRUCLEAR System to remove abnormal uterine tissue such as polyps and fibroids.

Medtronic plc announced it has signed a definitive agreement to acquire Smith & Nephew's gynecology (GYN) business for approximately $350 million. This agreement reinforces Medtronic's dedication to expanding the use of less invasive treatments and demonstrates a commitment to improving options for women with abnormal uterine bleeding (AUB). The addition of the GYN portfolio will expand and strengthen Medtronic's minimally invasive surgical offerings and will further complement its existing global GYN business. The acquisition is expected to close this summer. Smith & Nephew's key GYN solution is the TRUCLEAR System, which is a medical technology platform used to remove abnormal uterine tissue such as polyps and fibroids. The TRUCLEAR System, currently available throughout the U.S. and parts of Europe, is a less invasive treatment option to surgical procedures such as a hysterectomy. The TRUCLEAR procedure is a minimally invasive surgical option that can be performed as an outpatient procedure. For more than 10 years, Smith & Nephew has developed medical devices in the GYN space.