Mindray (company)
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Mindray Medical International Limited () is a Chinese multinational medical instrumentation manufacturer based in
Shenzhen Shenzhen is a prefecture-level city in the province of Guangdong, China. A Special economic zones of China, special economic zone, it is located on the east bank of the Pearl River (China), Pearl River estuary on the central coast of Guangdong ...
,
Guangdong ) means "wide" or "vast", and has been associated with the region since the creation of Guang Prefecture in AD 226. The name "''Guang''" ultimately came from Guangxin ( zh, labels=no, first=t, t= , s=广信), an outpost established in Han dynasty ...
. Mindray designs and produces medical equipment and accessories for both
human Humans (''Homo sapiens'') or modern humans are the most common and widespread species of primate, and the last surviving species of the genus ''Homo''. They are Hominidae, great apes characterized by their Prehistory of nakedness and clothing ...
and
veterinary Veterinary medicine is the branch of medicine that deals with the prevention, management, diagnosis, and treatment of disease, disorder, and injury in non-human animals. The scope of veterinary medicine is wide, covering all animal species, both ...
use. The company is organized into three key business lines: Patient Monitoring &
Life Support Life support comprises the treatments and techniques performed in an emergency in order to support life after the failure of one or more vital organs. Healthcare providers and emergency medical technicians are generally certified to perform bas ...
, In-Vitro Diagnostic Products, and
Medical Imaging Medical imaging is the technique and process of imaging the interior of a body for clinical analysis and medical intervention, as well as visual representation of the function of some organs or tissues (physiology). Medical imaging seeks to revea ...
Systems. In 2008, Mindray was recognized as China's largest medical device manufacturer.


History

Mindray was founded in 1991 in
Shenzhen Shenzhen is a prefecture-level city in the province of Guangdong, China. A Special economic zones of China, special economic zone, it is located on the east bank of the Pearl River (China), Pearl River estuary on the central coast of Guangdong ...
,
Guangdong ) means "wide" or "vast", and has been associated with the region since the creation of Guang Prefecture in AD 226. The name "''Guang''" ultimately came from Guangxin ( zh, labels=no, first=t, t= , s=广信), an outpost established in Han dynasty ...
by seven former employees of Anke (), including Li Xiting (), Xu Hang () and Cheng Minghe (). It grew by providing domestic patient monitoring, imaging, and other diagnostic products. Mindray maintains 41 subsidiaries and branch offices in 31 countries, as well as 32 branch offices in China. Mindray was listed on the
NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
in September 2006 and delisted in March 2016 to apply for a re-listing in China's A-Share market. Mindray was re-listed in the
Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...
in October 2018. Mindray faced hiring controversy at the end of 2018 when it rescinded job offers from 254 university students due to changing economic conditions. The company reinstated the offers in early 2019 citing 'corporate social responsibility' after public outcry. Mindray partnered with Korle Bu Teaching Hospital in January 2019 to improve diagnostic patient care in
Ghana Ghana, officially the Republic of Ghana, is a country in West Africa. It is situated along the Gulf of Guinea and the Atlantic Ocean to the south, and shares borders with Côte d’Ivoire to the west, Burkina Faso to the north, and Togo to t ...
. The company donated a SAL 6000 analyzer to improve local lab test efficiency.


Divisions

The Patient Monitoring & Life Support division develops and manufactures multi-parameter patient monitors, biotelemetry systems,
anesthesia Anesthesia (American English) or anaesthesia (British English) is a state of controlled, temporary loss of sensation or awareness that is induced for medical or veterinary purposes. It may include some or all of analgesia (relief from or prev ...
delivery systems,
defibrillator Defibrillation is a treatment for life-threatening cardiac arrhythmias, specifically ventricular fibrillation (V-Fib) and non-perfusing ventricular tachycardia (V-Tach). Defibrillation delivers a dose of electric current (often called a ''count ...
s, ECG machines, pulse oxymeters, hospital beds, mounting systems and IT solutions. In 2008, Mindray purchased the Patient Monitoring division of Datascope Corporation for $209 million to expand their presence outside of China. The In-Vitro Diagnostic division provides data and analysis on blood, urine, and other bodily fluid samples for clinical diagnosis and treatment. This segment offers a range of semi-automated and fully automated diagnostic laboratory instruments for laboratories, clinics, and hospitals. Its products include hematology analyzers, biochemistry analyzers, reagents, a microplate reader and a microplate washer.


Notes

{{FTSE China A50 Index Chinese companies established in 1991 Technology companies established in 1991 Companies formerly listed on the New York Stock Exchange Companies listed on the Shenzhen Stock Exchange Medical device manufacturers Medical technology companies of China Manufacturing companies based in Shenzhen Chinese brands 2006 initial public offerings 2018 initial public offerings Companies in the CSI 100 Index 1991 in Shenzhen