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OSI Systems Receives $4 Million Award for Patient Monitoring Solutions
HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Healthcare division,
About this update from Osi Systems, Inc.
[{"type":"text","content":" HAWTHORNE, Calif.--(BUSINESS WIRE)--\nOSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Healthcare division, Spacelabs Healthcare®, is expanding its footprint with an existing U.S.-based customer under an agreement to provide approximately $4 million of patient monitoring solutions and related supplies and accessories to the hospital.\n\nThe agreement, which was facilitated in conjunction with a strategic partner, is part of Spacelabs’ ongoing mission to foster relationships with hospitals and health systems and help providers deliver exceptional care to their patients through near-term and long-term projects.\n\n“We are committed to assisting organizations in modernizing their infrastructure and elevating their patient care,” said Ajay Mehra, OSI Systems President and CEO. “Healthcare organizations are being asked to do more with less, and we believe that technology can be instrumental in ensuring patients receive the care they need.”\n\nSpacelabs is dedicated to solving challenges the healthcare system currently faces, including the need to enhance the patient experience, improve population health, reduce costs, and support care team well-being. As part of its mission, Spacelabs develops services and technologies that are personalized and tailored to support the needs of healthcare providers anywhere in the world.\n\nAbout OSI Systems\n\nOSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 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 or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to OSI Systems’ current expectations, beliefs, and projections concerning m...