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Mindray Medical Buys Australia/New Zeeland Medical Device Distributor



9/24/2013 10:00:16 AM

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by Richard Daverman, PhD

September 23, 2013 -- Mindray Medical, the Shenzhen medical device maker, has acquired Ulco Medical of Australia, its distributor in Australia, New Zeeland and Oceana. The purchase price was not disclosed. Mindray said it would continue Ulco’s existing operations – presumably meaning distribution of its non-Mindray products – though the company would be renamed Mindray Medical Australia. Ulco has been distributing Mindray’s patient monitoring and life support products since 2007, but not Mindray’s extensive imaging or in-vitro diagnostic product lines. More details....

Stock Symbol: (NYSE: MR)

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