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Mindray Closes Zonare Ultrasound Deal at $101.7 Million

Jul. 17, 2013

Mindray Medical International, a leading developer, manufacturer and marketer of medical devices worldwide, announced on July 17, 2013 that it has completed the acquisition of ZONARE Medical Systems, an ultrasound technology leader in the high-end radiology segment. 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. Mindray 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 combined with Mindray's efficient engineering, extensive distribution channels and broad production platforms.