Medical equipment manufacturer Mindray Medical International has completed its purchase of ultrasound technology developer Zonare Medical Systems.
Mindray has acquired Zonare for $101.7 million in cash, according to the firm. Mindray said it expects that the combined company will benefit from Zonare's R&D capability and direct sales and service network in the high-end ultrasound market in countries such as the U.S., Canada, Scandinavia, and Germany.
