Smith & Nephew sells vascular business

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 sale 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.
(By Todd Wallack, Globe staff)