OSI Systems to Receive $15 Million in Settlement with GE
March 27 2007 - 8:00AM
Business Wire
OSI Systems, Inc. (NASDAQ:OSIS), a vertically-integrated provider
of specialized electronic products for critical applications in the
Security and Healthcare industries, announced today it has reached
an amicable settlement of its dispute with GE Healthcare Finland Oy
regarding working capital adjustments and other matters arising
from OSI�s March 2004 acquisition of Spacelabs Medical. Under the
terms of the settlement OSI will receive a payment of $15 million.
About OSI Systems, Inc. OSI Systems, Inc. is a Hawthorne,
California based vertically-integrated provider of specialized
electronic products for critical applications in the Security and
Healthcare industries. The company has more than 30 years of
experience in electronics engineering and manufacturing and
maintains offices and production facilities located in more than a
dozen countries. OSI Systems implements a strategy of expansion by
leveraging its electronics and contract manufacturing capabilities
into selective end product markets through organic growth and
acquisitions. For more information on OSI Systems Inc. or any of
its subsidiary companies, visit www.osi-systems.com.
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