VirtuOx Acquires Instant Diagnostic Systems

VirtuOx, Inc., a healthcare IT company providing diagnostic tools and services to enable healthcare organizations and professionals diagnose and treat a variety of disease states, announced today the acquisition of Instant Diagnostic Systems (IDS). The transaction was facilitated by VERTESS (http://www.vertess.com), a leading healthcare M+A advisory firm. K&L Gates, led by attorney Joshua Skora and his team, provided legal counsel to VirtuOx in the transaction. VirtuOx, a diversified healthcare technology platform operating numerous entities, operating in all 50 states and abroad has begun executing an acquisition strategy to grow strategically within the lab services sector. “This is an ideal acquisition for us,” said Steven F. Lica, Chief Executive Officer of VirtuOx. He added, “Not only do we increase our POX testing and HST testing platform, but we have also gained a valuable and experienced team with IDS a pioneer in our space.” VERTESS, on behalf of VirtuOx, is currently seeking additional acquisitions in the areas of Home Sleep Testing (HST), pulse oximetry, cardiac telemetry monitoring, insomnia, and related IT products and services. Please contact Bradley Smith, Managing Director of VERTESS, to discuss.

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