Smith+Nephew

Smith+Nephew

Global medical devices for orthopedics

Overview

Smith+Nephew is a global medical technology company that designs and makes medical devices for orthopaedics, sports medicine, and advanced wound care. Its products help surgeons treat joints and soft tissues and support patient recovery, including knee repair systems, single-use negative pressure wound therapy devices, and other extremity orthopaedic products. These devices are used in hospitals and clinics to perform procedures and support healing, often after surgery or injury. The company differentiates itself with a broad, worldwide product portfolio and collaborations with healthcare organizations to improve care and efficiency for patients and providers. Its goal is to improve patient outcomes, streamline medical procedures, and expand access to advanced medical solutions around the world.

About Smith+Nephew

Simplify's Rating
Why Smith+Nephew is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Healthcare

Company Size

10,001+

Company Stage

IPO

Headquarters

Watford, United Kingdom

Founded

1856

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Simplify's Take

What believers are saying

  • Q1 2026 revenue reached $1.5 billion, with 3.1% organic growth and unchanged guidance.
  • 2025 free cash flow jumped 52.5% to $840 million, funding a $500 million buyback.
  • ASC Solutions and CORI XT cases at Duke Health expand the high-growth outpatient market.

What critics are saying

  • Stryker's Mako Shoulder full release in 2026 intensifies shoulder robotics competition.
  • China pricing reforms and US reimbursement changes pressured 2026 guidance after Q1.
  • 2014 hip litigation and 2026 Spanish defect rulings keep legacy implant liability alive.

What makes Smith+Nephew unique

  • CORI XT handheld robotics spans knee and shoulder, plus ambulatory surgery center workflows.
  • Advanced wound care combines LEAF monitoring and RENASYS systems with EMR integration.
  • Integrity Orthopaedics adds Tendon Seam, deepening Smith+Nephew's sports medicine repair franchise.

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Funding

Total Funding

$200k

Above

Industry Average

Funded Over

2 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Holidays

Flexible Work Hours

Parental Leave

Fertility Treatment Support

Family Planning Benefits

Tuition Reimbursement

Wellness Program

Mental Health Support

Volunteer Time Off

Home Office Stipend

Phone/Internet Stipend

Discounted Stock Options

Health Savings Account/Flexible Spending Account

Employee Assistance Program

PTO/vacation?

Paid Sick Leave

Stock Price

Company News

Yahoo Finance
Jul 21st, 2026
Smith+Nephew launches ASC Solutions strategy to help ambulatory surgery centres optimise costs and outcomes

Smith+Nephew has launched ASC Solutions, an enterprise strategy designed to help ambulatory surgery centres optimise costs, improve quality and enhance performance. The initiative provides ASCs with access to clinical expertise, procedural technologies and data analytics to support growth and patient outcomes in value-based care settings. The company is expanding its ASC ONE delivery model into an integrated platform that simplifies centre development and accelerates facility readiness. ASC ONE coordinates services including facility design, construction, financing and clinical enablement through a single point of contact. Smith+Nephew has partnered with STERIS Unity Health Centers, Brasfield & Gorrie, Ghafari and Hopper Healthcare to provide expertise across the ASC lifecycle. The model enables physician-led organisations and health systems to streamline vendor management whilst reducing complexity and improving execution timelines.

Yahoo Finance
Jun 8th, 2026
Smith+Nephew completes first clinical cases with CORI XT handheld robotics platform for knee and shoulder surgery

Smith+Nephew has completed the first clinical cases using its next-generation CORI XT Handheld Robotics Platform for knee and shoulder arthroplasty. The platform is designed as a single handheld robotics system for various orthopaedic procedures, including partial to revision knee, hip, and anatomic and reverse shoulder surgeries. The first shoulder arthroplasty cases were performed at Duke Health by Dr Christopher Klifto, who used CORI SHOULDER Handheld Robotic Arthroplasty with the AETOS Shoulder System. Dr Bertrand Kaper subsequently completed the first CORI XT shoulder cases in an ambulatory surgery centre setting in Scottsdale, Arizona. The platform supports both hospital and ambulatory surgical centre environments, with a compact footprint tailored to different facility needs. Smith+Nephew's approach aims to enhance surgeon expertise whilst maintaining clinical control and workflow efficiency.

Associated Press
Jun 1st, 2026
Smith+Nephew launches next-gen LEAF system, cutting pressure injury odds by 73% and saving hospitals up to $1.8M

Smith+Nephew has launched the next generation LEAF Patient Monitoring System in the US, a pressure injury prevention platform designed to reduce hospital-acquired pressure injuries (HAPIs). The cloud-hosted system uses wearable sensors to monitor patient mobility and provide real-time turn status updates, improving workflow efficiency and protocol adherence. HAPIs cause approximately 60,000 annual deaths in the US and cost the economy $26.8 billion yearly. The LEAF system has demonstrated a 73% reduction in HAPI odds compared to standard care and delivers up to $1.8 million in estimated savings per critical care facility. The enhanced platform features an improved user interface developed with nursing teams and integrates seamlessly with hospital electronic medical records. It currently monitors over 150,000 patients annually across healthcare facilities.

Yahoo Finance
May 26th, 2026
Bernstein cuts Smith & Nephew price target to $31.85 after Q1 sales miss expectations

Bernstein has cut its price target on Smith & Nephew to $31.85 from $36.20, maintaining a Market Perform rating. The adjustment followed the medical device company's fiscal Q1 trading update, which showed organic sales growth of 3.1%, missing the consensus estimate of 3.8%. Canaccord also reduced its price target to $30 from $32 the same day, keeping a Hold rating. Smith & Nephew reported Q1 revenue of $1.5 billion, with underlying revenue growth of 3.1% and reported growth of 6.6%, including a 350 basis point foreign exchange tailwind. The company develops and sells medical devices across three segments: Orthopaedics, Sports Medicine and ENT, and Advanced Wound Management.

Associated Press
May 5th, 2026
Smith+Nephew launches ALLEVYN COMPLETE CARE and RENASYS EDGE wound care systems at EWMA 2026

Smith+Nephew is launching two chronic wound care products at the European Wound Management Association Conference in Bremen from 6–8 May 2026. The innovations address a challenge affecting up to 14.9 million people in Europe and consuming up to 4% of healthcare spending. ALLEVYN COMPLETE CARE Foam Dressing features a five-layer construction with Enhanced ExuLOCK Technology that locks in exudate and bacteria, releasing up to 100 times fewer bacteria than other foam dressings. The product includes an ExuMASK Change Indicator for longer wear times and ShearDEFENSE technology to protect against pressure injuries. RENASYS EDGE Negative Pressure Wound Therapy System offers a lightweight, portable pump with modular design that eliminates annual servicing requirements. The system achieved 88% patient compliance and improved wound outcomes.

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