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Mindray Buys Australia/New Zealand Medical Device Distributor

publication date: Sep 23, 2013
Mindray Medical, the Shenzhen medical device maker, has acquired Ulco Medical of Australia, its distributor in Australia, New Zealand and Oceana. The purchase price was not disclosed. Mindray said it would continue Ulco’s existing operations – presumably meaning distribution of its non-Mindray products – though the company would be renamed Mindray Medical Australia. Ulco has been distributing Mindray’s patient monitoring and life support products since 2007, but not Mindray’s extensive imaging or in-vitro diagnostic product lines. More details....

Stock Symbol: (NYSE: MR)

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