Symmetry Surgical Continues European Presence With Distributor in the United
Key Partnership With Hospital Innovations Strengthens European Distribution
WARSAW, Ind., Feb. 27, 2013 (GLOBE NEWSWIRE) -- Symmetry Medical Inc.
(NYSE:SMA), a leading global source of innovative medical device solutions,
including surgical instruments, orthopedic implants and sterilization cases
and trays, announced today that its subsidiary, Symmetry Surgical, has entered
into a distribution agreement withHospital Innovations in the United Kingdom.
Under terms of the agreement, Hospital Innovations will distribute Symmetry
Surgical's portfolio of surgical medical devices, which includes all brands
and products of the recently acquired Codman surgical instruments portfolio.
Hospital Innovations, a well-known, growing healthcare company, delivers
high-quality surgical instruments to more than 400 hospitals throughout the
U.K. Adding Symmetry Surgical's portfolios to its robust lines of pioneering
medical devices and products will enable Hospital Innovations to better meet
their customers' evolving requirements and work with them to deliver quality,
value and outstanding patient care.
Chris Huntington, Chief Operating Officer of Symmetry Surgical, said,
"Hospital Innovations shares our strategic mission of delivering surgical
instruments with exceptional quality and innovation to healthcare
professionals. This important partnership will create new opportunities to
work closely with hospitals and clinics in the U.K., and further strengthen
our presence in the European market."
About Symmetry Surgical
Symmetry Surgical is dedicated to developing quality surgical instruments that
meet the needs of clinicians and help improve the lives of patients. Our
portfolio brings together the product lines of Specialty Surgical
Instrumentation (SSi), Olsen Medical and the recently acquired surgical
instruments divisionCodman & Shurtleff, Inc.Our well-known brands include
BOOKWALTER^®, GREENBERG^™, RILEY^™, OLSEN^™, ULTRA^™, QUAD-LOCK^™, FLASHPAK^™,
RAPIDCLEAN^®, OPTI-LENGTH^®, CLASSIC^® and CLASSIC PLUS^®.Headquartered
inNashville, Symmetry Surgical is a wholly owned subsidiary ofSymmetry
AboutSymmetry Medical Inc.
Symmetry Medical Inc.is a leading global source of innovative medical device
solutions, including surgical instruments, orthopedic implants, and
sterilization cases and trays. The Company's thousands of Teammates provide
design, development and worldwide production capabilities for these products
to customers in the orthopaedic industry, other medical device markets, and
specialized non-healthcare markets. Symmetry's trusted reputation and brands,
broad Intellectual Property portfolio and commitment to innovation enable it
to collaborate with hundreds of global medical device manufacturers as well as
thousands of hospitals to provide solutions for today's needs and tomorrow's
Statements in the press release regardingSymmetry Medical Inc.'sbusiness
which are not historical facts may be "forward-looking statements" that
involve risks and uncertainties, within the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
are predictive in nature and are frequently identified by the use of terms
such as "may," "might," "will," "should," "expect," "believe," "anticipate,"
"plan," "estimate," "intend," and similar words indicating possible future
expectations, events or actions. Such predictive statements are not guarantees
of future performance, and actual outcomes and results could differ materially
from our current expectations. We refer you to the "Risk Factors" and "Forward
Looking-Statements" sections in the Company's most recent Annual Report on
Form 10-K filed with the Securities and Exchange Commissionas well as the
Company's other filings with theSEC, which are available on theSEC'sWeb
CONTACT: Symmetry Medical Inc.
Fred L. Hite
Senior Vice President
Chief Financial Officer
Investors / Media:
The Ruth Group
Zack Kubow / Lisa Cook
(646) 536-7020 / 7012
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