July 29, 2015 | The Chinese investment group Shanghai Jiuchuan Investment has agreed to acquire SHL Telemedicine for $120 million. SHL, which is a Tel Aviv-based company, hopes that its acquisition by the Chinese investment firm will help it roll out its medical technology products in other countries besides where it currently operates, namely in China. SHL Telemedicine was founded in 1987 by Yoram Alroy.
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