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Friday, 11 April 2008

Opto Circuits completes acquisition of Criticare Systems

Medical diagnostics manufacturer, Opto Circuits (India), on Friday said that it has successfully completed the acquisition of US-based healthcare company, Criticare Systems, Inc.

With effect from April 10 Criticare Systems is a wholly-owned subsidiary of Opto Circuits, a press release issued stated.

Commenting on the deal, Opto Circuits' Chairman and Managing Director, Vinod Ramnani, said that "we are pleased to complete the acquisition of Criticare."

The transaction would also open many new markets for Criticare's products, he added.

Criticare Systems designs, manufactures and markets cost-effective patient monitoring systems and non-invasive sensors for a wide range of hospitals and alternate health-care environments globally.

"We are confident that our global infrastructure and marketing presence will enhance Criticare's position as an innovator and supplier of world-class healthcare solutions," Ramnani said.

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