SOURCE: OSI

OSI

August 07, 2013 07:00 ET

OSI Acquires Upstate Linac Services, Strengthening Service and Expertise

MONTEBELLO, NY--(Marketwired - Aug 7, 2013) - Oncology Services International (OSI), the world's leading independent service organization for radiation oncology devices, today announced the acquisition of Upstate Linac Services, strengthening its service coverage in an area that includes upstate New York to the Pennsylvania border.

"OSI offers coast-to-coast service, along with a global presence for equipment and parts. Merging Upstate into OSI adds more expertise and depth to our team of Field Service Engineers, and increases our penetration into the Northeast market," stated Richard Hall, OSI President and Chief Executive Officer.

"Our service division has become the market leader among independent service organizations by providing a high quality, cost-effective alternative to the industry's traditional reliance on manufacturers for ongoing service contracts," Hall continued. "With increasing financial pressures on radiation oncology providers, cost-effective service with guaranteed uptimes has become critically important."

Upstate Linac Services, founded in 2005 in Rochester, NY, serves cancer centers and hospitals from Syracuse to Buffalo. "We are excited to join OSI. The industry needs strong, independent service companies and OSI is best positioned to support Upstate's continued pre-eminent, high value service needed in radiation therapy today," said Tom Ausfeld, President of Upstate Linac.

"We are thrilled to have Tom Ausfeld and his team join OSI," added Hall. "Tom will continue in a key leadership role with OSI as a Vice President of Service and member of the executive team."

Earlier this year, building on its history of providing superior uptimes, OSI announced an industry-leading offer of an unprecedented 99% uptime guarantee. While subject to equipment audits, the OSI guarantee stakes out a leadership position in service, complimenting the company's economic value leadership.

Hall concluded, "The merger of Upstate Linac Services with OSI represents an important step forward in the continued growth of OSI, and our ability to quickly and reliably serve customers in all major markets."

About Oncology Services International
Oncology Services International (OSI) is the world leader in linear accelerator service as well as Precision Certified equipment and parts sales. Founded in 1985, OSI's team of more than 50 engineers provide ongoing service and maintenance on more that 200 linear accelerators and CTs. OSI's cost-effective solutions, accompanied by its industry-leading high touch service, has created the largest independent service organization in oncology and positioned OSI as the leading alternative to the traditional reliance upon the manufacturer for extended service. The company provides service 24/7 on all major brands in the United States, has sold its factory-tested Precision Certified radiation oncology medical devices in 30 countries, and offers global distribution of new and fully tested used parts. Learn more at www.thinkosi.com

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