Zonare Medical Systems Acquired by Mindray Medical

(Shenzhen, China), a developer and marketer of medical devices worldwide, has completed the acquisition of Zonare Medical Systems, Inc. (Mountain View, CA, USA), an ultrasound technology developer in the high-end radiology segment, pursuant to the terms of the definitive agreement entered into on June 12, 2013.

Mindray, under the agreement, has acquired Zonare for a total purchase price of USD 101.7 million in cash. The company expects that the merged business will benefit from Zonare’s strong R&D capability and direct sales and service network in the high-end ultrasound market combined with Mindray’s well-organized engineering, and broad production platforms, and extensive distribution channels.

“We are pleased to complete this acquisition, furthering Mindray’s goal of becoming a leading provider of high-quality imaging products worldwide,” said Mr. Minghe Cheng, Mindray’s co-chief executive officer. “This transaction brings us superior technology that will ultimately accelerate the launch of our next-generation high-end ultrasound product. It also gives us immediate access to the high-end ultrasound market in the countries like US, Canada, Scandinavia, and Germany. We are optimistic about the transaction and believe we will be better positioned to serve the healthcare market on a worldwide basis for the long run.”

Mindray maintains its global headquarters in Shenzhen (China), US headquarters in Mahwah (NJ, USA), and numerous sales offices in major international markets. Mindray supplies through its worldwide distribution network a wide range of products across three primary business segments: patient monitoring and life support, in vitro diagnostic, and medical imaging systems.

Related Links:
Mindray Medical International
Zonare Medical Systems