Medtronic Acquires Chinese Orthopedic Device Company for $755M

Medtronic has completed a $755 million acquisition of China Kanghui Holdings, a Chinese orthopedic device producer, according to China Daily.

Advertisement

The company’s executive vice president called China one of the fastest-growing medical device markets. The acquisition brings a strong product portfolio and new products in trauma, spine and joint reconstruction.

More Articles on Devices:
24 Spine Devices Receive FDA 510(k) Clearance in October
Lawmakers Launch Opposition to Federal Medical Device Sales Tax
Tornier CEO Douglas Kohrs Retires as President, CEO

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Watch On-Demand Webinar

ASC development + private equity: How to build value from day one

Presenters: Andrew HrankaWendy Bruno Thomson, MBA, LHARichard Romero, CVA, ABV, FHFMA, PAHM

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.