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Mindray Medical International Ltd Completes Acquisition Of ZONARE Medical Systems Inc

Wednesday, 17 Jul 2013 08:00am EDT 

Mindray Medical International Ltd announced that it has completed the acquisition of ZONARE Medical Systems, Inc., pursuant to the terms of the previously announced definitive agreement entered into on June 12, 2013. Under the agreement, Mindray has acquired ZONARE for a total purchase price of USD101.7 million in cash, as adjusted for working capital at the closing date. The Company expects that the combined business will benefit from ZONARE's R&D capability and direct sales and service network in the high-end ultrasound market together with Mindray's efficient engineering, distribution channels and broad production platforms. 

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0.24 +0.83%
3:41pm EDT