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Fosun Pharma to Buy Several Israeli Medical Device Companies

publication date: Jun 13, 2014
Shanghai Fosun Pharma is planning to acquire a number of Israeli medical device companies, and has already begun due diligence on several, according to the company’s CEO, Fang Yao. The news comes one year after Fosun paid $240 million to acquire Alma Lasers, an Israeli company that makes high-end wrinkle-smoothing devices. Fosun may incorporate all of its acquired Israeli operations under Alma, said Yao. More details....

Stock Symbols: (SHE: 600196; HK: 02196)

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