British orthopedics giant Smith & Nephew plc is continuing its aggressive growth strategy. It has announced plans to buy Swiss ortho player Plus Orthopedics Holding AG for $889 million in cash, including assumed debt. This should boost Smith & Nephew's share in the orthopedic reconstruction market, especially in Europe. Plus primarily makes artificial hips and knees and has plants in Switzerland and China, both of which were coveted by Smith & Nephew. Smith & Nephew has made several acquisitions in the past year, and a few months ago made an unsuccessful play for American rival Biomet.