Berkshire subsidiary acquires medical device manufacturer

Berkshire's acquisition of medical device manufacturerauthor: Yang Bo Source: China Securities News, China
Securities News, China Securities News, "share god" Buffett's Berkshire Hathaway subsidiary Lubrizol announced on the 4th, the acquisition of medical device manufacturer VetaThe latter main products include injection disposable silicone accessories, in vitro diagnostic reagents, covering heart disease, urology, wound care and other fields, in addition to medical equipment servicesBerkshire did not disclose details of the dealIs the world's leading manufacturer of specialty chemicals and chemical additives, its products are widely used in consumer goods and industryBerkshire bought the company in 2011 for $9 billionMr Lange, head of life sciences at Luborun, said the acquisition of Veta significantly strengthened the company's strength in the life sciences sector and that Veta's expertise would "give us the ability to deliver more value."Berkshire has previously dabbled in healthcareBerkshire has been increasing its stake in Davita, the U.Skidney dialysis service, for the past two yearsBerkshire currently holds 18 per cent of Davita's shares, according to BloombergDavita is a leading provider of kidney care in the United States, providing dialysis services for patients with chronic renal failure and end-stage kidney diseaseBerkshire's results on Friday showed second-quarter profits surged 41 per cent from a year earlier to a record high, with cash and cash equivalents held at the end of the second quarter worth $55.5bnMr Buffett has long expressed interest in large-scale mergers and acquisitions,