Shandong Weigao Group from China filed to pay US$850 million for Argon Medical Devices, to expand its product line in China as well as expanding its growth outside the country.
As a major Chinese maker of orthopedic and blood purification products, Weigao has been trying to expand its product portfolio and and uplift its revenue stream. The company is expecting significant market opportunities for Argon products in China. As far as the plan goes, the US-based Argon Medical makes devices for biopsy, vascular clot management and drainage.
China Med Device, LLC.
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