VirtuOx buys Instant Diagnostic Systems
By HME News Staff
Updated Fri August 17, 2018
CORAL SPRINGS, Fla. - VirtuOx, an independent testing facility specializing in at-home testing for sleep disorders and respiratory diseases, has acquired Decatur, Ala.-based Instant Diagnostic Systems. The deal allows VirtuOx to grow strategically in the lab services sector. “This is an ideal acquisition for us,” said Steven Lica, CEO of VirtuOx. “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.” IDS is also an IDTF specializing in home-based diagnostic testing and has performed nearly 2 million pulse-oximetry studies, according to its website. M&A firm Vertess, which facilitated this deal, seeks additional acquisitions on behalf of VirtuOx in the areas of home sleep testing, pulse oximetry, cardiac telemetry monitoring, insomnia and related IT products and services.
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