Navigation Links
Mindray Medical to Acquire a Controlling Stake in Zhejiang Greenlander Information Technology
Date:12/9/2011

SHENZHEN, China, Dec. 9, 2011 /PRNewswire-Asia/ -- Mindray Medical International Limited (NYSE: MR), a leading developer, manufacturer and marketer of medical devices worldwide, announced today an agreement to acquire a controlling stake of Zhejiang Greenlander Information Technology Co., Ltd. ("Greenlander"). The terms of the agreement were not disclosed as the transaction is non-material to Mindray's financial statements.

Founded in 2003 and based in Hangzhou, China, Greenlander is a healthcare IT solutions provider that specializes in PACS (Picture Archiving and Communication System) and RIS (Radiology Information System). PACS is a medical imaging technology that provides economical storage of and convenient access to images from multiple modalities. RIS is a computerized database used by radiology departments to store, manipulate and distribute patient radiological data and imagery. The RIS system generally consists of patient tracking and scheduling, result reporting and image tracking capabilities, and is critical to the efficient workflow of radiology practices. The PACS and RIS systems are widely used in the radiology, ultrasound, endoscopy and pathology departments of hospitals as effective digital picture archiving and communication management solutions. Last year, the PACS and RIS market was estimated at approximately $142 million in China and was expected to grow at over 20% annually for the next three to five years. Internationally, the market was estimated at $3.46 billion in 2009 and was expected to grow 10% annually.

Through this transaction, Mindray aims to create synergies by combining its reputable brand and strong sales, service and engineering platforms with Greenlander's technology and expertise in healthcare IT solutions.

"We are very excited about this transaction, which we believe will be beneficial to both Mindray and Greenlander," said Mr. Minghe Cheng, Mindray's Chief Strategic Officer. "Greenlander's IT service platform will be a great addition to our existing medical imaging systems. Healthcare IT is attracting significant private and public healthcare spending and we believe the market for products and services in this area is very promising. This transaction will help Mindray get a head start in the rapidly growing healthcare IT business and allow us to provide our customers with more comprehensive solutions."

About MindrayWe are a leading developer, manufacturer and marketer of medical devices worldwide. We maintain global headquarters in Shenzhen, China, U.S. headquarters in Mahwah, New Jersey and multiple sales offices in major international markets. From our main manufacturing and engineering base in China and through our worldwide distribution network, we are able to supply internationally a broad range of products across three primary business segments, comprised of patient monitoring and life support products, in-vitro diagnostic products and medical imaging systems. For more information, please visit http://ir.mindray.com.

Cautionary Note Regarding Forward Looking StatementsThis press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including without limitation, the projections of the market size and the annual growth rate of the PACS and RIS market (both domestic and international), Mindray's aim to create synergies by combining its reputable brand and strong sales, service and engineering platforms with Greenlander's technology and expertise in healthcare IT solutions, the statement that this transaction will be beneficial to both Mindray and Greenlander, that Greenlander's IT service platform will be a great addition to Mindray's existing medical imaging systems, that the market for products and services in healthcare IT is very promising, that this transaction will help Mindray get a head start in the rapidly growing healthcare IT business, and that this transaction will allow Mindray to provide its customers with more comprehensive solutions, are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in our public filings with the Securities and Exchange Commission. For a discussion of other important factors that could adversely affect our business, financial condition, results of operations and prospects, see "Risk Factors" beginning on page 4 of our annual report on Form 20-F. Any projections in this release are based on limited information currently available to us, which is subject to change. Although such projections and the factors influencing them will likely change, we will not necessarily update the information. Such information speaks only as of the date of this release.

For investor inquiries please contact:In the U.S:Hoki LukWestern Bridge, LLCTel: +1-646-808-9150Email: hoki.luk@westernbridgegroup.com In China: Cathy GaoMindray Medical International LimitedTel: + 86 755 8188 8023Email: cathy.gao@mindray.com
'/>"/>

SOURCE Mindray Medical International Limited
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Mindray to Launch New DC-T6 Ultrasound System at RSNA
2. Mindray Announces Partnership with Epiphany Cardiography Products, LLC
3. Mindray to Hold Annual General Meeting in Hong Kong on December 19, 2011
4. Mindray Announces Up to $100 Million Share Repurchase Program
5. Mindray Announces Third Quarter 2011 Financial Results
6. Mindray Medical to Exhibit at MEDICA 2011 in Dusseldorf, Germany from November 16-19, 2011
7. Mindray Medical to Exhibit New Products at 66th China International Medical Equipment Fair
8. Mindray to Report Third Quarter 2011 Financial Results on November 7, 2011
9. Mindray Introduces Enhancements for M Series Ultrasound Platforms at ASA
10. Mindray Announces Expansion of its A Series Anesthesia Portfolio
11. Mindray Introduces DP-50 Portable Ultrasound System in the U.S.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/12/2016)... 2016  Sequent Medical, Inc. announced today that it ... the safety and effectiveness of the WEB™ Aneurysm Embolization ... aneurysms.  Prof Laurent Spelle , MD, Head of ... France and Principal Investigator of the CLARYS ... and Germany.  Although patients with ruptured aneurysms ...
(Date:2/12/2016)... and SEOUL, South Korea ... Biosys­tems Menarini and Macrogen, Inc. today announced they ... and innovative procedures for precision medicine in cancer. ... Silicon Biosystems, DEPArray™ digital-sorting technology with Macrogen,s high-throughput ... tests certified under the Clinical Laboratory Improvement Amendments ...
(Date:2/12/2016)... MILTON, Ontario , Feb. 12, 2016  Aralez ... specialty pharmaceutical company, today announced the Company will ring the ... Square, New York at 4:00 ... the formation of Aralez. Adrian Adams ... will be held 3:50 to 4:00 p.m. ET.  A ...
Breaking Medicine Technology:
(Date:2/12/2016)... ... 2016 , ... The law firm of Morrow, Morrow, Ryan & Bassett is ... these scholarships is to encourage applicants to pursue a degree in their field of ... parishes. , “We have available jobs in St. Landry and Evangeline Parishes that ...
(Date:2/12/2016)... ... February 12, 2016 , ... CDRH Enforcement Trends: , Back to the Future , ... , As Winston Churchill said, “Those who don’t learn from history are doomed to ... expect when they come knocking this year. But that takes time. , Take a ...
(Date:2/12/2016)... (PRWEB) , ... February 12, 2016 , ... As a ... hectic schedule, a demanding job, and no time to decompress, Rabinowitz found herself drawn ... herself to meditation for its impact on her life, implementing a 20-minute-per-day meditation practice ...
(Date:2/12/2016)... ... February 12, 2016 , ... ... at Zuckerberg San Francisco General Hospital on April 5-7. The series is a ... create new habits. The workshops cover a broad range of topics, including coaching ...
(Date:2/12/2016)... ... , ... Fisher House Foundation Chairman and CEO Kenneth Fisher joined Governor Brian ... president Scott Bensing, and Peggy Kearns Director, VA Southern Nevada Healthcare System yesterday to ... will be the first Fisher House in Nevada, and will provide free lodging for ...
Breaking Medicine News(10 mins):