JRI Orthopaedics: Chinese Orthopaedic Implant Maker AK Medical Buys Britain's JRI Orthopaedics For $24M

Chinese orthopaedic implant company AK Medical Holdings Limited has announced the acquisition of JRI Orthopaedics Limited, a U.K. firm that designs, manufactures and supplies orthopaedic implants and related instruments, from Orthopaedic Research UK for £16.73 million (US$23.7 million). Upon completion, JRI Orthopaedics will become a wholly-owned subsidiary of the Hong Kong Stock Exchange-listed AK Medical, according to its security filing. Founded in 1970 by orthopaedic surgeon Ronald Furlong, JRI Orthopaedics was the first company to produce a hip implant with ...Chinese Orthopaedic Implant Maker AK Medical Buys Britain's JRI Orthopaedics For $24M appeared first on China Money Network.