Medical device company Mindray Medical International has announced that its shareholders voted in favor of a merger with Excelsior Union Limited and its subsidiary, Solid Union.
The transaction is valued at $3.3 billion, and it is expected to be finalized in March. Once it is complete, Mindray will be a private company.
According to Mindray, more than 77 percent of the company’s total outstanding ordinary shareholders voted at the meeting where this decision was made. More than 82 percent voted in favor of the proposal.
Mindray currently operates throughout the world. Its global headquarters are in Shenzhen, China, while its U.S. headquarters are located in Mahwah, N.J.
Michael has more than 16 years of experience as a professional writer and editor. He has written at length about cardiology, radiology, artificial intelligence and other key healthcare topics.