Navigation Links
Omnicell Announces Agreement to Acquire Rioux Vision, Inc.
Date:11/30/2007

MOUNTAIN VIEW, Calif., Nov. 30 /PRNewswire-FirstCall/ -- Omnicell, Inc. (Nasdaq: OMCL), a leading provider of system solutions to acute healthcare facilities, today announced that it has entered into a definitive agreement to acquire Rioux Vision, Inc. in an all cash transaction valued at approximately $26 million, subject to adjustment. Rioux Vision designs and manufactures mobile cart technology that brings quality healthcare to the bedside through a point-of-care medication management process. Rioux Vision is a privately-held company based in Elgin, S.C. and has approximately 60 employees.

Rioux Vision mobile cart technologies, such as the recently announced RIO(TM) product, are fully-integrated into the bedside point-of-care environment, enabling nurses to have easy access to patient records and electronically integrate the process of record keeping into the patient care process. The RIO(TM) product offers a removable medication distribution cart option and features multiple drawer configurations. The system also features a removable, exchangeable power management system and software.

"We are excited to add mobile cart technology to our extensive line of medication-use systems. Mobile technology will enable clinicians to increase their productivity and the accuracy of their record keeping, which further leads to improved patient care," said Randall A. Lipps, chairman, president & CEO, Omnicell. "We look forward to welcoming Rioux Vision employees and we continue to focus on delivering the best customer experience in healthcare to help our customers continually improve patient safety."

Under terms of the agreement, Omnicell will acquire 100% of the outstanding shares of Rioux Vision, which will become a wholly-owned subsidiary of Omnicell. The transaction is expected to generate additional revenue growth of approximately 5%-6% in 2008. During 2008, as Omnicell incurs the expenses of integrating the Rioux Vision product line with the Omnicell suite of medication management software, Omnicell expects the results of the transaction to be dilutive to earnings by approximately $0.05 per share. In 2009, after the Rioux Vision product line is fully integrated with the Omnicell line, Omnicell expects the transaction to become accretive. Closing of the transaction is expected to occur in the current quarter ending December 31, 2007, subject to the satisfaction of customary closing conditions.

For more information:

Omnicell will hold a conference call regarding this announcement on Monday, December 3, 2007 at 5:30 a.m. PST. To join the call dial: 888-803-5209 within the U.S. or 1-706-679-1978 for all other locations. The conference call ID is: 26416493.

Internet users can access the call at: http://www.omnicell.com. A replay of the call will be available Monday at approximately 9:00 a.m. PST and will be available for one week or until December 6. The replay access numbers are 1-800-642-1687 within the U.S. and 1-706-645-9291 for all other locations, pass code 26416493#.

Forward Looking Statements

To the extent any statements contained in this press release deal with information that is not historical, these statements are necessarily forward- looking. As such, they are subject to the occurrence of events outside Omnicell's control and are subject to various risk factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statement. Factors that could cause or contribute to such differences include, but are not limited to, risks associated with the transaction's effect on Omnicell's financial results, Omnicell's ability to successfully integrate Rioux Vision's product lines, business or employees into Omnicell's business, and the perceived value of the Rioux Vision technology to Omnicell's customers. Prospective investors are cautioned not to place undue reliance on forward-looking statements.

About Omnicell

Omnicell, Inc. (Nasdaq: OMCL) is a leading provider of systems and software solutions targeting patient safety and operational efficiency in healthcare facilities. Since 1992, Omnicell has worked to enhance patient safety and allow clinicians to spend more time with their patients.

Omnicell's medication-use product line includes solutions for the central pharmacy, nursing unit, operating room, and patient bedside. Solutions range from large central pharmacy smart inventory carousels to small handheld devices. From the point at which a medication arrives at the receiving dock to the time it is administered, Omnicell systems store it, package it, bar code it, order it, issue it, and provide information and controls on its use and reorder.

Our supply product lines provide a healthcare institution with fast, effective control of costs, capture of charges for payer reimbursement, and timely reorder of supplies. Products range from high-security closed-cabinet systems and software to open-shelf and combination solutions in the nursing unit, catheter lab and operating room.

Omnicell's mission is to provide the best customer experience in healthcare, helping hospitals reduce medication errors, operate more efficiently, and decrease costs. For more information, visit http://www.omnicell.com.


'/>"/>
SOURCE Omnicell, Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Omnicell to Present at Thomas Weisel Healthcare Conference 2007
2. Omnicell Introduces the Next Generation Central Pharmacy Automation Solution
3. Omnicell Schedules Third Quarter Earnings Call
4. Grant Regional Health Center Increases Patient Safety and Pharmacy Efficiency with Omnicell Medication Use Systems
5. Omnicell Reports Strong Q3 Revenue and Profit Growth
6. Hendricks Regional Health Increases Patient Safety and Pharmacy Efficiency With Omnicell WorkflowRx 5.0
7. Omnicell to Present at Piper Jaffray 19th Annual Health Care Conference
8. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
9. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael
10. UHW Announces: Antelope Valley Hospital Caregivers and Board Vote to Ratify First Union Contract With SEIU UHW-West
11. HEI, Inc. Announces Sale of RFID Division Assets
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... (PRWEB) , ... February 23, 2017 , ... ... outlet with a clinician-based audience, will be participating in Rare Disease Day events, ... Washington, D.C. In addition, Rare Disease Report, a website, weekly e-newsletter and quarterly ...
(Date:2/23/2017)... ... February 23, 2017 , ... Rosica Communications, a national ... marketing, social media management, corporate communications, SEO and cause marketing, is opening an ... nearby New Hampshire, Massachusetts and Canada, Rosica will focus on expanding its footprint. ...
(Date:2/23/2017)... ... February 23, 2017 , ... Pink Pig Publishing ... generations converge and explore the world from different perspectives. By providing a place ... to gain understanding, increase empathy, and find greater happiness. , "Our approach ...
(Date:2/23/2017)... ... 2017 , ... The Center for Autism and Related Disorders ... Research and Treatment (RI-CART) and Cinemaworld to present Sensory Friendly Films. The events ... films in an environment that accommodates their unique needs. , Launched in January, ...
(Date:2/23/2017)... ... 2017 , ... Curemark, LLC announced today that the Blüm Study, a Phase ... 3-8 with Autism, is now enrolling at three new sites. These new sites are ... , “There are currently no approved drugs that address the core symptoms of ...
Breaking Medicine News(10 mins):
(Date:2/23/2017)... , Feb 23, 2017 Research and Markets ... & Trends - Industry Forecast to 2025" report to their ... The ... around 6.9% over the next decade to reach approximately $47.6 billion ... estimates and forecasts for all the given segments on global as ...
(Date:2/23/2017)... February 23, 2017 The fast-growing cannabis ... the United States . According to the 2017 Legal ... is expected to create 283,422 jobs by 2020, with an ... the next four years. The accelerating pace of cannabis legalization ... of legal cannabis market, which will further create more business ...
(Date:2/23/2017)... , February 23, 2017 ... on the global market for intraoperative imaging, excerpts ... valued at US$ 513.9 million. According to the ... surging on the grounds of increasing adoption of ... field of diagnostic imaging for neurosurgeries. The world,s ...
Breaking Medicine Technology: