Mindray Medical Closes Acquisition Of ZONARE

(RTTNews) - Mindray Medical International Ltd. (MR), the medical devices maker, Wednesday closed the acquisition of ZONARE Medical Systems Inc., an ultrasound technology company, for $101.7 million in cash.

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.

"We are pleased to complete this acquisition, furthering Mindray's goal of becoming a leading provider of high-quality imaging products worldwide," said . 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."