Smith & Nephew sells vein business to Boston buyers

British medical devices firm Smith & Nephew PLC has sold its vascular business to a group of Boston-area investors called InaVein LLC.

Smith & Nephew reports the vascular business was part of its Andover-based endoscopy division, which handled the sale to the Boston group. Terms of the deal were not disclosed.
The business acquired by InaVein features products such as a system for minimally invasive removal of varicose veins as well as a catheter-based product designed to remove the veins that cause the formation of varicose veins.