Spacelabs Healthcare Strengthens Digital Health Portfolio with Acquisition of Patient and Device Reporting Business

SNOQUALMIE, Wash.--(BUSINESS WIRE)--Spacelabs Healthcare, a global designer and manufacturer of patient monitoring and diagnostic cardiology solutions, today announced that it has acquired an innovative cloud platform developed by BoxView, LLC (“Boxview”). Founded in 2011, BoxView develops enterprise software designed to manage patient monitoring information, coordinate care, and track metrics aimed at improving quality, throughput, and efficiency.

“In today’s fast-paced environment, healthcare organizations need immediate access to actionable information on patients, devices, and workflow,” said Spacelabs President Shalabh Chandra. “Spacelabs’ expanded digital health portfolio is designed to offer a comprehensive monitoring and software system delivering patient data where and when you need it, across monitors, tablets, mobile phones, and other devices. By integrating BoxView innovations with Spacelabs technology, we expect to be able to deliver even better solutions to our customers to support their commitment to improving patient outcomes and increasing staff satisfaction.”

About Spacelabs Healthcare

Spacelabs Healthcare (www.spacelabshealthcare.com), a division of OSI Systems, Inc., is a provider of medical equipment and services, including solutions for patient monitoring and connectivity, diagnostic cardiology, and supplies and accessories selling to hospitals, clinics, and physician offices. Spacelabs has offices in the United States, United Kingdom, Canada, France, Germany, and Italy, and distributors in more than 100 countries around the world.

This 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 Spacelabs’ current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions and contingencies, many of which are outside Spacelabs’ control and which may cause actual results to differ materially from those described in or implied by any forward-looking statements. Such statements include, but are not limited to, statements regarding the expected use and performance of Spacelabs’ products. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date on which they are made. Spacelabs assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of factors that could cause Spacelabs’ future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in OSI Systems Inc.’s most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by OSI Systems, Inc. from time to time with the Securities and Exchange Commission.