SOURCE: OSI

OSI

July 21, 2016 07:00 ET

Acquisition of Oncology Services International

MONTEBELLO, NY--(Marketwired - Jul 21, 2016) - Oncology Services International (OSI) announced today that it has been acquired and will be part of Jordan Health Products (JHP).

"We are proud to announce that OSI has new owners," said Richard J. Hall, President and CEO of OSI. "Jordan has a proven track record of partnering with successful management teams to achieve continued growth."

Over the past several years OSI has significantly expanded its capabilities and customer base, while demonstrating the ability to enter new markets both nationally and globally.

The acquisition reflects JHP's belief in OSI's future, and the entire OSI leadership team will remain on board. OSI will continue to expand the company's presence in the market with the financial and strategic support of JHP. Customers will continue to experience OSI's industry leading commitment to customer and patient-focused service.

OSI will be part of the JHP portfolio of healthcare companies, providing incremental resources, networking and cross-selling opportunities. JHP is focused on a strategic expansion into the rapidly growing, highly fragmented global equipment market. Currently JHP is comprised of three companies in addition to OSI:

JHP expects additional acquisitions to further augment service expansion and growth across these platforms.

About Oncology Services International
Oncology Services International (OSI) is the leading independent provider of service for radiation therapy equipment, including linear accelerators and CT simulators. Founded in 1985, OSI's field engineers provide local responsive service and maintenance across the United States and Mexico. OSI's cost-effective solutions, accompanied by its industry-leading high-touch service, have positioned OSI as the leading alternative to the traditional reliance upon the manufacturer for extended service. Additionally, the company is the leading supplier of refurbished linear accelerators and parts. Its factory-tested Precision Certified radiation oncology medical devices have been sold and installed in more than 30 countries, and are supported by global distribution of linear accelerator parts. Learn more at www.thinkosi.com.

About Jordan Health Products
Jordan Health Products ("JHP") is successfully deploying a strategy of acquiring, partnering and growing with medical, surgical and diagnostic imaging equipment companies to become a major industry player in North America and internationally. JHP's healthcare equipment and service business is focused on the complete lifecycle of medical, surgical and diagnostic imaging equipment, including sales, install, service, repair, sourcing and refurbishing. Through organic growth and targeted acquisitions, JHP will provide a breadth of service and product offerings to a variety of customers located throughout North America and the world.

By working together, the JHP companies and their respective management teams can offer customers a broader range of products and services on a national basis while maintaining control at the local level.

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