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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                   SCHEDULE TO
                                 (RULE 14D-100)
                  TENDER OFFER STATEMENT UNDER SECTION 14(d)(1)
           OR SECTION 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934

                                (AMENDMENT NO. 2)

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                                CENTERPULSE LTD.
                       (Name of Subject Company (Issuer))

                            SMITH & NEPHEW GROUP PLC
                               SMITH & NEPHEW PLC
                      (Names of Filing Persons (Offerors))

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                REGISTERED SHARES, PAR VALUE CHF 30.00 PER SHARE
                         (Title of Class of Securities)

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                                 Not Applicable*
                      (CUSIP Number of Class of Securities)

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                                James A. Ralston
                Executive Vice President and Chief Legal Officer
                              Smith & Nephew, Inc.
                                1450 Brooks Road
                            Memphis, Tennessee 38116
                                 (901) 396-2121

                     (Name, address and telephone number of
                      person authorized to receive notices
                 and communications on behalf of filing persons)

                                    Copy to:

                                    Pran Jha
                           Sidley Austin Brown & Wood
                                 Bank One Plaza
                            10 South Dearborn Street
                             Chicago, Illinois 60603
                            Telephone: (312) 853-7000

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* There is no CUSIP Number assigned to the registered shares. CUSIP No.
152005104 has been assigned to the American Depositary shares of Centerpulse
Ltd. that are quoted on the New York Stock Exchange under the symbol "CEP."
CUSIP No. 152005203 has been assigned to the American Depositary Shares of
Centerpulse Ltd. that were issued pursuant to a restricted ADR facility and are
not publicly traded.

Check the appropriate boxes below to designate any transactions to which the
statement relates:

      [X]  third-party tender offer subject to Rule 14d-1.
      [_]  issuer tender offer subject to Rule 13e-4.
      [_]  going-private transaction subject to Rule 13e-3.
      [_]  amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results
of the tender offer: [_]

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     This Amendment No. 2 (this "Amendment") amends and supplements the Tender
Offer Statement on Schedule TO filed by Smith & Nephew Group plc, a corporation
organized under the laws of England and Wales ("S&N Group"), and Smith & Nephew
plc, a corporation organized under the laws of England and Wales ("S&N"), on
April 25, 2003, as amended by Amendment No. 1 thereto (as amended, the "Schedule
TO"), relating to the third-party tender offer by S&N Group to exchange S&N
Group ordinary shares, 12 1/2 pence nominal value per share (including S&N Group
shares represented by S&N Group American Depositary Shares ("ADSs"), each
representing 10 S&N Group shares), and cash for registered shares, CHF 30 par
value per share, of Centerpulse Ltd., a Swiss public company ("Centerpulse"),
including Centerpulse shares represented by Centerpulse ADSs, each representing
one-tenth (1/10) of a Centerpulse share, upon the terms and subject to the
conditions set forth in the Preliminary Prospectus/Offer to Exchange dated April
25, 2003 (the "Offer to Exchange") and in the related Letter of Transmittal
(which, together with the Offer to Exchange, as supplemented or amended from
time to time, constitute the "Offer"). Capitalized terms used but not defined
herein have the meanings assigned to such terms in the Schedule TO.

Item 11. ADDITIONAL INFORMATION.

     The section of the Offer to Exchange entitled "THE EXCHANGE OFFER - Certain
Legal and Regulatory Matters" is hereby amended and supplemented by adding the
following thereto:

     "On May 1, 2003 the HSR Act waiting period applicable to the Offer
expired. On May 27, 2003, Smith & Nephew received regulatory clearance for its
combination with Centerpulse from the European Commission."

     The press release of Smith & Nephew dated May 28, 2003 relating to the
expiration of the HSR Act waiting period and the European Commission clearance
is filed as an exhibit hereto and incorporated herein by reference.

Item 12. EXHIBITS.

     Item 12 of the Schedule TO is hereby amended by adding the following
exhibit thereto:

EXHIBIT NO.  DESCRIPTION
-----------  -----------
(a)(19)      Press release of S&N, dated May 28, 2003 (incorporated herein by
             reference to S&N Group's Rule 425 filing made with the Securities
             and Exchange Commission on May 28, 2003).

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                                    SIGNATURE

     After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

                                           SMITH & NEPHEW GROUP PLC

                                           By: /s/ James Ralston
                                           -------------------------------------
                                           Name: James Ralston
                                           Title: Authorized U.S. Representative

                                           SMITH & NEPHEW PLC

                                           By: /s/ James Ralston
                                           -------------------------------------
                                           Name: James Ralston
                                           Title: Authorized U.S. Representative

Date: May 28, 2003

                                       -3-



                                  EXHIBIT INDEX

EXHIBIT NO.  DESCRIPTION
-----------  -----------

(a)(19)      Press release of S&N, dated May 28, 2003 (incorporated
             herein by reference to S&N Group's Rule 425 filing made
             with the Securities and Exchange Commission on May 28,
             2003).



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