Mindray acquires ZONARE Medical Systems

Mindray Medical International Limited (the "Company" or "Mindray") (NYSE: MR), a leading developer, manufacturer and marketer of medical devices worldwide, announced today that it has completed the acquisition of ZONARE Medical Systems, Inc. ("ZONARE"), an ultrasound technology leader in the high-end radiology segment pursuant to the terms of the previously announced definitive agreement entered into on June 12, 2013.

Under the agreement, Mindray has acquired ZONARE for a total purchase price of US$101.7 million in cash, as adjusted for working capital at the closing date. The Company expects that the combined business will benefit from ZONARE's strong innovative R&D capability and direct sales and service network in the high-end ultrasound market together with Mindray's efficient engineering, extensive distribution channels and broad production platforms.

"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 U.S., 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 Medical International Limited


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Mindray. (2019, June 20). Mindray acquires ZONARE Medical Systems. News-Medical. Retrieved on December 06, 2021 from https://www.news-medical.net/news/20130717/Mindray-acquires-ZONARE-Medical-Systems.aspx.

  • MLA

    Mindray. "Mindray acquires ZONARE Medical Systems". News-Medical. 06 December 2021. <https://www.news-medical.net/news/20130717/Mindray-acquires-ZONARE-Medical-Systems.aspx>.

  • Chicago

    Mindray. "Mindray acquires ZONARE Medical Systems". News-Medical. https://www.news-medical.net/news/20130717/Mindray-acquires-ZONARE-Medical-Systems.aspx. (accessed December 06, 2021).

  • Harvard

    Mindray. 2019. Mindray acquires ZONARE Medical Systems. News-Medical, viewed 06 December 2021, https://www.news-medical.net/news/20130717/Mindray-acquires-ZONARE-Medical-Systems.aspx.


The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
You might also like... ×
Enhancements to Mindray DC-8 ultrasound system to be showcased at RSNA annual meeting