OSI Systems Awarded Contract from Novation for Patient Monitoring Solutions
17 October 2011 - 11:00PM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated
provider of specialized electronic products for critical
applications in the Security and Healthcare industries, today
announced that its Healthcare division, Spacelabs Healthcare, has
been awarded a three-year contract to provide its complete line of
patient monitoring solutions to VHA Inc, University HealthSystem
Consortium (UHC) and Provista members served by Novation, a leading
healthcare Group Purchasing Organization (GPO). VHA Inc., UHC, and
their jointly owned subsidiary, Provista, represent approximately
5,500 members, who use the GPO’s contracts to procure nearly $40
billion annually.
Deepak Chopra, OSI Systems CEO, commented, “We are excited about
the contract award from Novation and look forward to offering our
latest solutions for patient monitoring and connectivity to its
members. Our recently released products such as the XPREZZON
patient monitoring system and the ICS XPREZZ solution for mobile
connectivity are designed to help healthcare providers improve
response time, advance patient care, and enhance patient
safety.”
About OSI Systems, Inc.
OSI Systems, Inc. is a vertically integrated designer and
manufacturer of specialized electronic system and components for
critical applications in the homeland security, healthcare, defense
and aerospace industries. We combine more than 30 years of
electronics engineering and manufacturing experience with offices
and production facilities in more than a dozen countries to
implement a strategy of expansion into selective end product
markets. For more information on OSI Systems Inc. or any of its
subsidiary companies, visit www.osi-systems.com. News Filter:
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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 contracts to deliver a broad range of
solutions to customers in the healthcare industry. The actual
results may differ materially from those described in or implied by
any forward-looking statement.
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