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Shanghai's MicroPort Acquires CRM Business from Liva Nova for $190 Million

00:16 EST 21 Nov 2017 | ChinaBio Today

MicroPort Scientific, a Shanghai medical device maker, will pay $190 million to acquire the cardiac rhythm management business of Italy's Liva Nova. The two companies are already partners. In 2014, Micro Port and LivaNova, then known as Sorin Group, established a $20 million China JV to offer LivaNova's cardiac rhythm devices in China. Established in 1998, MicroPort aims to provide affordable high-quality medical devices in China and abroad, many of them minimally invasive. More details....

Stock Symbols: (HK: 00853) (NSDQ: LIVN)

Original Article: Shanghai's MicroPort Acquires CRM Business from Liva Nova for $190 Million

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