Smith & Nephew has acquired California-based Tusker Medical, developer of Tula System, for an undisclosed sum. The acquisition supports the company’s strategy to invest in innovative technologies that address unmet clinical needs. The transaction was financed from existing cash and debt facilities.
The Tula system is an in-office solution for delivery of ear tubes to treat recurrent or persistent ear infections. It enables placement of ear tubes in the physician’s office without general anaesthesia for patients six months and older.
Brad Cannon, Smith & Nephew’s President of Sports Medicine & ENT, said: “The Tula System is a truly innovative option for physicians treating incredibly common ear conditions. It is a game-changer when treating children, removing the risk and stress of general anaesthesia for patients and caregivers. Tula is a highly complementary addition to our ENT portfolio, and we are excited to significantly improve the treatment options for surgeons and patients with the launch of this technology.”