Opto Circuits (India) Limited, (OCI) India's leading manufacturer of medical diagnostics and interventional products, has successfully completed acquisition of Criticare Systems, Inc, a leading US-based healthcare company.
Criticare Systems, Inc, is now a wholly-owned subsidiary of Opto Circuits effective April 10, 2008, a company press release said.
Commenting on the deal Vinod Ramnani, chairman and managing director of Opto Circuits, said; "We are pleased to complete this acquisition of Criticare and will go down well with its enhanced product portfolio."
"This transaction will also open many new markets for Criticare's products. 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 added
Opto Circuits (India) Ltd. is a leading manufacturer of healthcare equipments in India. The product profile includes digital thermometers, sensors, probes, pulse oximeters, patient monitoring systems, Stents and Catheters. Other innovative products are in the pipeline. In 2001, OCI acquired 60 per cent stake in Micronic Devices to market its equipments in India.
Criticare Systems Inc., manufactures, and markets cost-effective patient monitoring systems and noninvasive sensors for a wide range of hospitals and alternate health care environments throughout the world.