# Weigao Orthopedics to acquire Xinsheng Medical for 1.03 billion yuan

Weigao Orthopedics (688161.SH) plans to acquire 100% equity of Shandong Weigao Xinsheng Medical Devices Co., Ltd. from Weigao Biological Technology and other sellers for 1.03 billion yuan in cash, to expand into tissue repair business.

- Type: Acquisition
- Announced: 2022-12-13
- Where: China
- Value: $148.0M (1.03B CNY)
- Status: announced
- Products: tissue repair products, PRP preparation kits, negative pressure wound therapy sets
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Weigao Orthopedics](https://endata.com/companies/67275.md) (acquirer)
- [Shandong Weigao Xinsheng Medical Devices](https://endata.com/companies/67276.md) (target)
- [Weigao Biological Technology](https://endata.com/companies/67277.md) (partner)
- [Weigao Fusan](https://endata.com/companies/67278.md) (partner)
- [Weigao Medical Imaging](https://endata.com/companies/67279.md) (partner)
- [Weigao Qiquan](https://endata.com/companies/67280.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/846818.html), 2022-12-13: "威高骨科(688161.SH)拟以现金方式购买威高生物科技、威高富森、威高医疗影像和威高齐全持有的山东威高新生医疗器械有限公司100%股权，交易金额为10.3亿元。"

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