CareFusion, a leading, global medical technology company, and Frazier Healthcare today announced they have completed the sale of CareFusion's OnSite® Services instrument management and repair business to affiliates of Frazier Healthcare.
The companies previously announced plans for the sale on Jan. 11.
OnSite Services delivers education-based medical instrument repair and instrument management programs to hospital systems domestically. The new company and its 240 employees will continue to deliver operating-room focused workflow improvement programs.
Under the terms of an agreement between CareFusion and OnSite Services, OnSite Services will remain the preferred repair organization for CareFusion V. Mueller and Snowden-Pencer® specialty surgical instruments.
Financial terms of the agreement were not disclosed.