Mindray Buys Zonare, a US Ultrasound Company, for $105 Million
publication date: Jun 13, 2013
Mindray Medical of Shenzhen will pay $105 million to acquire Zonare Medical Systems, a California high-end ultrasound machine maker. Last year, Zonare had revenues of $64 million. Founded in 1999, Zonare claims its technology provides sharper images than competing machines. Mindray currently markets six ultrasound machines, which produced $53 million of revenue in Q1 of 2013. Mindray’s management emphasized that Zonare’s US sales force was a major benefit of the transaction. More details....
Stock Symbol: (NYSE: MR)
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