# MicroPort invests $10M in joint venture with Purple Medical

MicroPort Scientific Corporation, through its Indian subsidiary, completed a $10 million strategic investment in Purple Medical Solutions, forming a joint venture focused on cardiovascular devices. MicroPort holds 32% initially, with plans to increase to 45%.

- Type: Acquisition
- Announced: 2020-06-14
- Where: India
- Value: $10.0M
- Status: completed
- Products: drug-eluting stents, cardiovascular devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [MicroPort Scientific Corporation](https://endata.com/companies/20849.md) (investor)
- [Purple Medical Solutions](https://endata.com/companies/47861.md) (target)

## Sources

- [microport.com](https://microport.com/news/microport-announces-strategic-investment-and-forms-joint-venture-with-indian-medical-device-company-purple-medical), 2020-06-14: "MicroPort® announced today that its India wholly owned subsidiary MicroPort Scientific India Private limited has completed a strategic investment in Purple Medical Solutions Private Limited involving a total investment amount of 10 million US dollars."

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