M&A Deal Summary

Shenzhen Mindray Bio-Medical Electronics Acquires ZONARE Medical Systems

On July 17, 2013, Shenzhen Mindray Bio-Medical Electronics acquired healthcare services company ZONARE Medical Systems from Apposite Capital for 102M USD

Acquisition Highlights
  • This is Shenzhen Mindray Bio-Medical Electronics’ 1st transaction in the Healthcare Services sector.
  • This is Shenzhen Mindray Bio-Medical Electronics’ 2nd largest (disclosed) transaction.
  • This is Shenzhen Mindray Bio-Medical Electronics’ 2nd transaction in the United States.
  • This is Shenzhen Mindray Bio-Medical Electronics’ 1st transaction in California.

M&A Deal Summary

Date 2013-07-17
Target ZONARE Medical Systems
Sector Healthcare Services
Buyer(s) Shenzhen Mindray Bio-Medical Electronics
Sellers(s) Apposite Capital
Deal Type Add-on Acquisition
Deal Value 102M USD

Target

ZONARE Medical Systems

Mountain View, California, United States
ZONARE Medical Systems, Inc. is a provider of premium compact ultrasound systems, providing imaging diagnostic solutions to a wide range of clinical settings.

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Buyer(S) 1

Buyer

Shenzhen Mindray Bio-Medical Electronics

Shenzhen, China

Category Company
Founded 1991
Sector Healthcare Services
Employees18,044
Revenue 34.9B CNY (2023)
DESCRIPTION

Shenzhen Mindray Bio-Medical Electronics is a developer, manufacturer and marketer of medical devices. Shenzhen Mindray Bio-Medical Electronics was founded in 1991 and is based in Shenzhen, China.


DEAL STATS #
Overall 8 of 11
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 Wuhan Dragonbio Surgical Implant

Wuhan, China

Wuhan Dragonbio Surgical Implant Co., Ltd. ("Dragonbio"), is a domestic medical orthopedic products provider that specializes in trauma, spine, joint and other surgical products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-13 Ulco Medical Pty.

Melbourne, Australia

Ulco Medical Pty. Ltd. is renowned for supplying innovative and reliable medical products of superior quality.

Buy -

Seller(S) 1

SELLER

Apposite Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Focused
DESCRIPTION

Apposite Capital is a private investment firm focused on investing in growth companies in the healthcare sector. The Firm targets UK-based, revenue generating businesses and looks to invest £10 to £25 million over the life of an investment. Specific areas of interest include rehab services, primary and acute care companies, health related software solutions and IT, elderly and specialist healthcare services, medical products, and pharmaceuticals. Apposite Capital was established in 2006 and is based in London.


DEAL STATS #
Overall 2 of 7
Sector (Healthcare Services) 2 of 6
Type (Add-on Acquisition) 2 of 7
State (California) 1 of 1
Country (United States) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-02 SureCalm Healthcare

Basingstoke, United Kingdom

SureCalm is a provider of homecare services to patients with long-term chronic conditions. The company currently specialises in dispensing stoma care and continence devices, home delivery, individual care services and a newly launched pharmacy service providing patients with all their medicine requirements.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-27 Ulthera

Mesa, Arizona, United States

Ulthera develops and markets non invasive cosmetic ultrasound-based medical devices into the medical aesthetic market.

Sell -