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November 26, 2007
By: Jennifer Whitney
Smith & Nephew’s endoscopy unit, based in Andover, said it sold its vascular business to InaVein LLC, a Boston area investor group led by Jonathan Donaldson and Patrick Maley. The price was not disclosed. Smith & Nephew spokesman Joe Metzger said the product line, which includes a system for minimally invasive removal of varicose veins, generates less than $5 million in annual sales and involves fewer than 20 employees. Metzger said no job cuts are planned as part of the deal. SOURCE: Boston.com
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