We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress hp
Sign In
Advertise with Us

MINDRAY Patient Monitoring & Life Support

Provides medical devices and solutions in Patient Monitoring & Life Support read more Featured Products: More products

Download Mobile App


31 Jul 2024 - 02 Aug 2024
02 Aug 2024 - 04 Aug 2024
20 Aug 2024 - 22 Aug 2024

Mindray to Acquire Chinese Medical Device Company APT Medical

By HospiMedica International staff writers
Posted on 05 Feb 2024
Print article
Image: Mindray has planned a USD 927 million deal to control APT Medical (Photo courtesy of Mindray)
Image: Mindray has planned a USD 927 million deal to control APT Medical (Photo courtesy of Mindray)

A recent comprehensive industry analysis has shown that the global cardiovascular market has achieved a valuation of USD 56 billion. Notably, the Chinese segment of this market has surpassed USD 6.96 billion, positioning it as the second largest domestically in the medical device sector, trailing only behind the in-vitro diagnostics area. This growth is particularly pronounced against the backdrop of an aging population, with the cardiovascular market expanding at a significantly faster pace than other medical fields. In a strategic move within this context, Mindray (Shenzhen, China) has announced its intention to acquire control of APT Medical (Shenzhen, China), a medical device company. APT Medical has long specialized in the cardiovascular domain, securing a leading position in specialized areas such as cardiac electrophysiology, coronary artery access, peripheral vascular intervention, and more. The company's strengths lie in its comprehensive capabilities, extending from raw material sourcing to the development and supply chain management of consumable products, making it a prominent player in China’s cardiovascular market.

The acquisition aims to merge the extensive expertise of both Mindray and APT Medical in medical equipment and consumables, resulting in the combined offering "Mindray Equipment and APT Medical Consumables." Mindray's strong capabilities in product engineering and system integration are expected to further improve the performance of APT Medical's offerings. Moreover, Mindray's well-established global sales and service network, coupled with its diverse customer base, will enable APT Medical's innovative products to access a wider international market. The synergies and cost-efficiencies arising from this partnership are anticipated to be key drivers for both companies to make a substantial impact on the global market. The integration of resources of both companies also has the potential to create a new industry leader, opening doors to fresh market opportunities in the cardiovascular field.

Mindray will acquire control of APT Medical using its own funds of USD 927 million using a combination of share transfer by agreement and waiver of voting rights. If the entire acquisition plan proceeds as planned, Mindray, through its subsidiary Shenzhen Mindray Scientific Holdings Co., Ltd. and its partner acting in concert, Zhuhai Tongsheng, will collectively hold approximately 16.46 million shares of APT Medical. This will account for 24.61% of APT Medical's total equity, making Mindray the company’s largest controlling shareholder.

Gold Member
POC Blood Gas Analyzer
Stat Profile Prime Plus
Gold Member
Disposable Protective Suit For Medical Use
Disposable Protective Suit For Medical Use
Silver Member
Wireless Mobile ECG Recorder
Extended Stay Trolley

Print article


Critical Care

view channel
Image: The first healthcare device to be powered by body heat was made possible by the use of liquid-based metals (Photo courtesy of Carnegie Mellon)

Healthcare Device Powered By Body Heat Marks First Step Toward Battery-Free Wearable Electronics

Portable, wearable electronics for physiological monitoring are gaining preference over traditional tethered devices in clinical settings due to their convenience for continuous or frequent monitoring.... Read more

Surgical Techniques

view channel
Image: Electronic prompt for surgeons may reduce breast cancer overtreatment (Photo courtesy of 123RF)

EHR–Based Nudge Intervention for Surgeons to Reduce Breast Cancer Overtreatment

Sentinel lymph node biopsy (SLNB) is a critical surgical technique used to assess if breast cancer has spread to the underarm lymph nodes, although it's not necessary for all patients. Undergoing SLNB... Read more

Patient Care

view channel
Image: The portable, handheld BeamClean technology inactivates pathogens on commonly touched surfaces in seconds (Photo courtesy of Freestyle Partners)

First-Of-Its-Kind Portable Germicidal Light Technology Disinfects High-Touch Clinical Surfaces in Seconds

Reducing healthcare-acquired infections (HAIs) remains a pressing issue within global healthcare systems. In the United States alone, 1.7 million patients contract HAIs annually, leading to approximately... Read more

Health IT

view channel
Image: First ever institution-specific model provides significant performance advantage over current population-derived models (Photo courtesy of Mount Sinai)

Machine Learning Model Improves Mortality Risk Prediction for Cardiac Surgery Patients

Machine learning algorithms have been deployed to create predictive models in various medical fields, with some demonstrating improved outcomes compared to their standard-of-care counterparts.... Read more

Point of Care

view channel
Image: POCT offers cost-effective, accessible, and immediate diagnostic solutions (Photo courtesy of Flinders University)

POCT for Infectious Diseases Delivers Laboratory Equivalent Pathology Results

On-site pathology tests for infectious diseases in rural and remote locations can achieve the same level of reliability and accuracy as those conducted in hospital laboratories, a recent study suggests.... Read more
Copyright © 2000-2024 Globetech Media. All rights reserved.