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Mindray to Acquire Datascope's Patient Monitoring Business for US$202 million
Date:3/11/2008

m Mindray from a largely China-based company into a global leader, and substantially further our strategy of building a leading on-the-ground presence in the United States and Europe," said Mr. Xu Hang, Mindray's chairman and co-chief executive officer. "Datascope customers should also benefit from the combined company's expanded product lineup and enhanced ability to tailor product functionality for specific end-user requirements, and Mindray's customers in the United States and Europe will enjoy the support of an established direct sales and service network." The company plans to maintain Datascope's existing branded product lines and to continue manufacturing Datascope products in the United States. David Gibson, Datascope's vice president and president, patient monitoring division & technology services division, will serve as the president of Mindray's Datascope patient monitoring business unit upon completion of the transaction. The existing management team is expected to continue post-closing without significant changes along with the rest of the patient monitoring division staff.

Currently, the majority of Datascope's patient monitoring revenue is generated from sales in North America, with the remainder from markets largely in Europe.

Mr. Li Xiting, Mindray's president and co-chief executive officer commented, "This is an exceptional fit of complementary assets in the patient monitoring industry. Datascope's strength in direct sales to under-300 bed hospitals, its leading market share in key niche areas, and direct sales and service team in the United States and Europe offer immediate cross-selling opportunities for Mindray's high performance-to-price medical imaging systems. Also, by leveraging Mindray's China-based R&D, we are positioned to tailor existing Datascope models for new markets and enhance product functionality. With our common culture of performance and dedication to meeting customer needs, I am very optimistic for the future of t
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SOURCE Mindray Medical International Limited
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