Mindray Medical announces completion of Wuhan Dragonbio acquisition

From MindrayJul 17 2015

Mindray Medical International Limited ("Mindray" or the "Company", NYSE: MR), a leading developer, manufacturer and marketer of medical devices worldwide, announced today that it completed the acquisition of the remaining stake in Wuhan Dragonbio Surgical Implant Co., Ltd. (the "Dragonbio") for a total cash consideration of RMB 435 million (approximately US$ 70.2 million) pursuant to the terms of the definitive agreement entered into on July 7, 2015. The Company now holds 100% of Dragonbio. Dragonbio is a domestic medical orthopedic products provider that specializes in trauma, spine, joint and other surgical products.

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Mindray Medical International Limited

Posted in: Business / Finance

Tags: Diagnostics, Medical Devices, Medical Imaging, Orthopedic, Spine, Trauma

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