# Shandong Weigao Group Medical Polymer forms JV to acquire Argon Medical Devices for $850 million

Shandong Weigao Group Medical Polymer Co Ltd, together with JV partner WW Medical and Healthcare and Roundtable Healthcare Partners III, entered a deal to acquire Argon Medical Devices for $850 million.

- Type: Acquisition
- Announced: 2017-09-24
- Where: United States
- Value: $850.0M
- Status: announced
- Products: medical devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Shandong Weigao Group Medical Polymer](https://endata.com/companies/27093.md) (acquirer)
- [Argon Medical Devices](https://endata.com/companies/27094.md) (target)
- [WW Medical and Healthcare](https://endata.com/companies/27095.md) (partner)
- [Roundtable Healthcare Partners III](https://endata.com/companies/27096.md) (partner)
- [Weigao International](https://endata.com/companies/27099.md) (acquirer)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/shandong-weigao-medical-polymer-HKG:1066/news/brief-shandong-weigao-group-medical-polymer-updates-on-formation-of-jv-to-acquire-argon-medical-devices-019e6b17-8c76-767b-bf41-55217cfe3ba6/), 2017-09-24: "Company,JV partner,WW Medical and Healthcare,unit,Roundtable Healthcare Partners III,Argon Medical Devices enter deal for consideration is us$850 million"
- [reuters.com](https://www.reuters.com/article/business/chinese-medical-devices-maker-to-buy-us-based-argon-for-850-mln-idUSL4N1M508J/), 2017-09-24: "China's Shandong Weigao Group Medical Polymer Co Ltd has agreed to acquire US-based and unlisted Argon Medical Devices Holdings Inc for $850 million, as part of its overseas expansion drive."
- [medicaldevice-network.com](https://www.medicaldevice-network.com/news/newschinas-shandong-weigao-to-acquire-argon-medical-for-850m-5933666/), 2017-09-24: "Chinese company Shandong Weigao Group Medical Polymer (Shandong Weigao) has entered an agreement to acquire US-based Argon Medical Devices for $850m."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.