OSI Announces Completion of Spacelabs Healthcare Merger
21 December 2007 - 4:00AM
Business Wire
OSI Systems, Inc. (Nasdaq:OSIS), a vertically-integrated provider
of specialized electronic products for critical applications in the
security and healthcare industries, announced today that pursuant
to previously-published plans it has effected a Delaware short-form
merger of Spacelabs Healthcare. As a result, Spacelabs Healthcare
is now a wholly owned subsidiary of OSI Systems. Within the next 10
days, notification of the merger and related information will be
sent to Spacelabs� pre-merger stockholders. About OSI Systems, Inc.
OSI Systems, Inc. is a vertically integrated designer and
manufacturer of specialized electronic systems and components for
critical applications. The Company sells its products in
diversified markets, including homeland security, healthcare,
defense and aerospace. 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. It 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 divisions, 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 the Company�s expectations, goals or
intentions about the future, including the Company�s predictions
with regard to the prospective performance of, and market
acceptance of, its products. The actual results may differ
materially from those described in or implied by any
forward-looking statement. 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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