Thursday, February 23, 2017
OSI Systems Sells Off European AED Product Line
Hawthorne-based OSI Systems said late Wednesday that it has sold off its German healthcare subsidiary, Metrax GmbH (Primedic), and its associated Automated External Defibrillator (AED) product line, in a deal worth $12.38M. OSI Systems had acquired Metrax in 2014 for approximately $7.94M (7.5M euros). Metrax/Primedic had sold automated external defibrillators outside the United States. OSI said it sold off the division as it was a "non-core asset" to its hospital and clinical solutions products.