Spacelabs Receives $4 Million Order for Patient Monitoring Solutions

HAWTHORNE, Calif., June 20, 2018 (BUSINESS WIRE) — OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Healthcare division, Spacelabs Healthcare®, received an order for approximately $4 million to provide patient monitoring solutions and related accessories to a prominent U.S. hospital group. The Company expects to install in Fiscal 2019 its Xhibit® Central Stations, Qube®, Qube mini, and XTR Telemetry solutions for intensive care units (ICUs) at a new children’s hospital currently under construction. The Company did not disclose further details, citing end-user confidentiality obligations.

“We look forward to providing this customer with our broad array of compatible patient monitoring solutions that are designed to facilitate the mobility of patients during a hospital stay,” stated Deepak Chopra, OSI Systems’ Chairman and CEO.