Oxford Instruments Medical taken over by Viasys Healthcare

1 March 2005

Conshohocken, Pa, USA. VIASYS Healthcare Inc. (NYSE:VAS) has acquired the global Medical Division of Oxford Instruments plc, Oxford Instruments Medical, based in Old Woking, U.K., for £24 million (approximately $46.0 million). Oxford Instruments Medical had 2004 global revenues of approximately $57 million.

"We believe that the Oxford Instruments Medical acquisition represents a significant event in the global neurovascular marketplace," said Lori Cross, Group President of VIASYS NeuroCare. "After the complementary products, installed base, and operations are combined, VIASYS will offer its hospital and physician-office customers the most comprehensive portfolio of single and multi-modality solutions available."

Oxford Instruments Medical's largest business is neurodiagnostics, primarily electromyography (EMG) equipment and neurosupplies (EMG needles). Oxford Instruments Medical's equipment is both intuitive and innovative, while its patented EMG needle design offers improvements in both clinical performance and patient comfort. The obstetrics and cardiology businesses also bring valuable brand recognition and are backed by a reputation for product quality and technological innovation.

"This transaction creates an outstanding strategic fit for our customers and provides our employees with excellent career opportunities with an industry leader in medical technology," added Peter Abrahams, Managing Director of Oxford Instruments Medical. "Our customers, patients and employees will benefit significantly from their new association with VIASYS."

"We believe that VIASYS has become the leading provider of neurodiagnostic systems and supplies. As the industry continues to consolidate, we expect the combined skills of Oxford Instruments Medical and VIASYS to deliver best-in-class multi-modality systems designed to improve outcomes for caregivers and their patients," commented Randy Thurman, Chairman, President and CEO of VIASYS Healthcare Inc. "Furthermore, Oxford Instruments Medical accelerates our strategy of building our leadership position in neurological and respiratory technologies, increasing sales from medical disposables and acquiring products that fit within our worldwide sales, service, and distribution."

Source: Viasys Healthcare


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