Medical technology company Medtronic has acquired orthopaedic device manufacturer Kanghui Holdings for $816m.
Chinese orthopaedic medical device enterprise Kanghui Holdings, is to be acquired by US-based medical device manufacturer Medtronic, the world’s largest medical technology company, for $816m. The deal net of Kanghui’s cash, is worth approximately $755m.
Medtronic will assume full control of Kanghui. Kanghui’s previous investors include IDG-Accel, a corporate venturing unit of International Data Group, also backed by venture firm Accel, and international alternative asset fund manager CDH Investment.
Kanghui, which was founded in 1997, raised around $68.4m in a New…
