PRESS DIGEST- New York Times business news - March 23
March 23 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
LONDON Nov 28 Artificial hip and knee maker Smith & Nephew said it was expanding in the fast-growing area of bioactive wound care by acquiring privately-held U.S. firm Healthpoint.
S&N said it would pay $782 million in cash for the company, which makes Santyl, an ointment for the removal of dead tissue in wounds, and is in phase III trials for a treatment for leg ulcers.
Healthpoint had $190 million revenues in 2012 and S&N expects the deal to be accretive to earnings from 2013, it said on Wednesday.
* Checkers Drive-In Restaurants has agreed to be sold to Oak Hill Capital Partners for $525 million in deal expected to be announced on Thursday - WSJ