SAN DIEGO, Jan. 11, 2011 /PRNewswire/ — CareFusion
(NYSE:
CFN), a leading, global medical device company, today announced
that it has signed an agreement to sell its
OnSite Services instrument management and repair business to
Frazier Healthcare. Financial terms of the agreement were not
disclosed.
(Logo: http://photos.prnewswire.com/prnh/20100706/CAREFUSIONLOGO)
“The decision to sell OnSite Services is in line with our
strategy to optimize our portfolio of businesses as we focus our
operations to profitably grow for the long term,” said David
Schlotterbeck, chairman and CEO of CareFusion. “While OnSite
Services is an important instrument management and repair service
partner to our V. Mueller® business, our core strategy within
that business line is to deliver innovative products that will
satisfy needs in minimally invasive surgery.”
OnSite Services is an industry leader in surgical instrument
repair and management services that provides repair specialists and
service technicians who can perform preventative maintenance and
instrument repairs at a hospital facility or in a national repair
center. Under the sale agreement, OnSite Services will remain the
preferred repair organization for V. Mueller and
Snowden-Pencer® specialty surgical instruments.
Dennis Streppa, former general manager for OnSite Services, will
serve as president and CEO of the new OnSite Services business.
Frazier Healthcare Operating Partner and former Ascent CEO John
Grotting will serve as chairman of the board.
“We are very excited to reunite Dennis and his former OnSite
Services management team to lead the compa
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