Medtronic PLC (NYSE:MDT) is looking to expand its business in China by scouting for deals in the region. The company’s decision to grow its portfolio of low-cost medical devices has come about as local competitors in the region put increased pressure on foreign medical-device makers operating in China.
Medtronic announced that the company will add value products that will greatly contribute toward growth, in a market where patients still cannot afford expensive product offerings, as reported by the Wall Street Journal.
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