Mindray Medical Jumps Into Orthopedic Implants (Investors.com)
China's Mindray Medical International, (MR) the world's No. 3 maker of patient monitors, expanded into a new field last month by acquiring Wuhan Dragonbio Surgical Implant, a maker of orthopedic products such as hip implants.
Mindray, which makes diagnostic equipment and ultrasound devices for export, paid $35.5 million for a controlling stake in Dragonbio. Orthopedics is a stretch from Mindray's core business.
Dragonbio had sales of just $7.7 million last year, solely in China. But analysts say its market is a good one.
"Mindray's...
