VirtuOx Acquires Instant Diagnostic Systems

CORAL SPRINGS, Fla. (August 17, 2018)—VirtuOx, Inc., a health care IT company providing diagnostic tools and services to enable health care organizations and professionals to diagnose and treat a variety of disease states, announced the acquisition of Instant Diagnostic Systems (IDS). The transaction was facilitated by VERTESS, a health care M+A advisory firm. K&L Gates, led by attorney Joshua Skora and his team, provided legal counsel to VirtuOx in the transaction.

VirtuOx, a health care technology platform operating numerous entities, operating in all 50 states and abroad, has begun executing an acquisition strategy to grow strategically within the lab services sector. “This is an ideal acquisition for us,” said Steven F. Lica, chief executive officer of VirtuOx. He added, “Not only do we increase our POX testing and HST testing platform, but we have also gained a valuable and experienced team with IDS.”

VERTESS, on behalf of VirtuOx, is currently seeking additional acquisitions in the areas of home sleep testing (HST), pulse oximetry, cardiac telemetry monitoring, insomnia and related IT products and services. Contact Bradley Smith, managing director of VERTESS, to discuss.

Visit virtuox.net and vertess.com for more information.