# Alma completes acquisition of 60% stake in PhotonMed for $40M

Alma, a Sisram Medical company, completed the acquisition of a 60% stake in PhotonMed International Ltd for 270 million RMB (approximately $40 million USD), establishing a direct operation in mainland China.

- Type: Acquisition
- Announced: 2023-07-03
- Where: mainland China, China
- Value: $40.0M
- Status: completed
- Products: energy-based medical and aesthetic devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Sisram Medical](https://endata.com/companies/35588.md) (partner)
- [PhotonMed International Limited](https://endata.com/companies/69430.md) (target)
- [Alma](https://endata.com/companies/71203.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/alma-a-sisram-medical-company-is-establishing-a-direct-operation-in-china-after-completing-the-acquisition-of-photonmed-301868743.html), 2023-07-03: "PhotonMed's strong market presence and direct sales channels will enable us to be closer to our valued Chinese customers and reinforce our brand recognition in the region."

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