China's Vincent Medical invests USD3m in Israeli firm
06-Feb-17, BioSpectrum
China's Vincent Medical Holdings has made a USD3 mn investment for a 15 percent stake in Isreal's InovyTec Medical Solutions, a company that makes medical devices for emergency medicine and trauma care. Vincent Medical Holdings does R&D, manufacture and sale of medical devices.
%20Vincent%20Medical.png "Chinas Vincent Medical invests USD3m in Israeli firm (c) Vincent Medical")
Image: Vincent Medical
The Chinese investment follows that of German medical firm Rhon Klinikum, from which InovyTec raised USD2 min. The deal is expected to help Inovy capitalize on China's booming market for medical devices. Leveraging Vincent Medical's experience and presence in China, InovyTec will be able to "capitalize on the huge potential that exists in China," said Mr Udi Cantor, the founder and CEO of the Israeli firm.