Mindray to Acquire Chinese Medical Device Company APT Medical

The acquisition aims to merge the extensive expertise of both Mindray and APT Medical in medical equipment and consumables, resulting in the combined offering "Mindray Equipment and APT Medical Consumables." Mindray's strong capabilities in product engineering and system integration are expected to further improve the performance of APT Medical's offerings. Moreover, Mindray's well-established global sales and service network, coupled with its diverse customer base, will enable APT Medical's innovative products to access a wider international market. The synergies and cost-efficiencies arising from this partnership are anticipated to be key drivers for both companies to make a substantial impact on the global market. The integration of resources of both companies also has the potential to create a new industry leader, opening doors to fresh market opportunities in the cardiovascular field.

Mindray will acquire control of APT Medical using its own funds of USD 927 million using a combination of share transfer by agreement and waiver of voting rights. If the entire acquisition plan proceeds as planned, Mindray, through its subsidiary Shenzhen Mindray Scientific Holdings Co., Ltd. and its partner acting in concert, Zhuhai Tongsheng, will collectively hold approximately 16.46 million shares of APT Medical. This will account for 24.61% of APT Medical's total equity, making Mindray the company’s largest controlling shareholder.