CareFusion Completes Sale of Onsite Services Instrument Management and Repair Business
SAN DIEGO, March 29, 2011 /PRNewswire/ -- CareFusion  (NYSE: CFN ), a leading, global medical technology company, and Frazier Healthcare today announced they have completed the sale of CareFusion's OnSite® Services  instrument management and repair business to affiliates of Frazier Healthcare.
The companies previously announced plans for the sale on January 11.
OnSite Services delivers education-based medical instrument repair and instrument management programs to hospital systems domestically. The new company and its 240 employees will continue to deliver operating-room focused workflow improvement programs.
Under the terms of an agreement between CareFusion and OnSite Services, OnSite Services will remain the preferred repair organization for CareFusion V. Mueller and Snowden-Pencer® specialty surgical instruments.
Financial terms of the agreement were not disclosed.
CareFusion (NYSE: CFN ) is a global corporation serving the health care industry with products and services that help hospitals measurably improve patient care. The company develops market-leading technologies including Alaris® infusion pumps, Pyxis® automated dispensing and patient identification systems, AirLife™, AVEA® and LTV® series of ventilators and respiratory products, ChloraPrep® skin prep products, MedMined™ services for data mining surveillance, V. Mueller® and Snowden-Pencer® surgical instruments and NeuroCare diagnostic products. CareFusion employs more than 15,000 people across its global operations. More information may be found a