Spacelabs Medical Announces Contract for Approximately $6.3 Million of Advanced Monitoring and Telemetry Systems
08 June 2005 - 10:01PM
Business Wire
Spacelabs Medical, a division of OSI Systems, Inc., (Nasdaq:OSIS),
today announced it has received a contract for approximately $6.3
million from the University of Missouri Hospitals & Clinics,
Missouri Rehabilitation Center and the Columbia Regional Hospital
for advanced patient monitoring and telemetry systems. The new
enterprise-wide patient monitoring and telemetry systems will
enable clinicians to have instant access to complete, real-time
patient and medical data from anywhere in the university healthcare
system. The majority of the systems are expected to be delivered by
the end of the fourth quarter of fiscal 2005. Spacelabs patient
monitoring systems will be installed in operating rooms and
post-acute intensive care units, as well as in intensive care units
for pediatric, adolescent, cardiac, post-surgical and burn patients
and in telemetry areas for cardiovascular monitoring. The new
monitoring system will support rapid, informed decision-making by
providing physicians, nurses and other healthcare staff with secure
access to patients' vital signs, orders, medication charting,
medical records, laboratory reports, test results and other records
right at bedside or via the Internet. Joe Davin, President, Global
Sales and Marketing for Spacelabs, said, "It is a great privilege
to partner with the University of Missouri Health Care System, one
of the Midwest's leading centers for teaching, research and patient
care. We are pleased that Spacelabs can meet their needs for
connectivity and fast, flexible access to patient information,
giving their clinicians the rare gift of more time for patient
care." About Spacelabs Medical Spacelabs Medical
(www.spacelabs.com), based in Issaquah, Wash., U.S., is a global
manufacturer and distributor of patient monitoring systems for
critical care and anesthesia, wired and wireless networks and
clinical information connectivity solutions, ambulatory blood
pressure (ABP) monitors and medical data services. It has an
installed base of approximately 100,000 patient monitoring units
worldwide, including around 60,000 in the U.S. and around 10,000
units in Europe. In addition, there are approximately 30,000
Spacelabs ABP monitors installed on a worldwide basis. Spacelabs
has distribution partnerships in approximately 80 countries and
sales or regional offices worldwide. Spacelabs employs
approximately 800 employees worldwide. Spacelabs Medical is an OSI
Systems Company, www.osi-systems.com. About OSI Systems, Inc. OSI
Systems, Inc. is a Hawthorne, Calif.-based diversified global
developer, manufacturer and seller of security and inspection
systems, medical monitoring and anesthesia delivery products, and
optoelectronic-based components, as well as a provider of
engineering and manufacturing services. The company has more than
30 years of experience in electronics engineering and
manufacturing, and maintains offices and production facilities
located in more than a dozen countries. OSI Systems implements a
strategy of expansion by leveraging its electronics and contract
manufacturing capabilities into selective end product markets
through organic growth and acquisitions. For more information on
OSI Systems, Inc. or any of its subsidiary companies, please visit
www.osi-systems.com. This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Such statements include information regarding
our expectations, goals or intentions about the future, including,
but not limited to delivery times or revenues associated with any
particular order. Other important factors are set forth in our
Securities and Exchange Commission filings. All forward-looking
statements speak only as of the date made, and we undertake no
obligation to update these forward-looking statements.
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