Fosun Pharma to Buy Several Israeli Medical Device Companies

Shanghai Fosun Pharma is planning to acquire a number of Israeli medical device companies, and has already begun due diligence on several, according to the company’s CEO, Fang Yao. The news comes one year after Fosun paid $240 million to acquire Alma Lasers, an Israeli company that makes high-end wrinkle-smoothing devices. Fosun may incorporate all of its acquired Israeli operations under Alma, said Yao. More details.... Stock Symbols: (SHE: 600196; HK: 02196) Share this with colleagues: // //