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Mindray Medical International Ltd to Acquire ZONARE Medical Systems

Wednesday, 12 Jun 2013 08:00pm EDT 

Mindray Medical International Ltd announced a definitive agreement to acquire ZONARE Medical Systems, Inc. (ZONARE), an ultrasound technology company in the high-end radiology segment for USD105 million.Founded in 1999, ZONARE is based in Mountain View, California, U.S. Mindray plans to maintain ZONARE's brand and existing operations under its current management team led by Mr. Timothy A. Marcotte, ZONARE's President and Chief Executive Officer. The transaction is expected to close in the third quarter of 2013. The final acquisition price is subject to working capital and other adjustments, and will be funded with Mindray's existing cash and planned borrowings from third parties. 

Company Quote

-0.07 -0.23%
25 Jul 2014