VirtuOx Acquires Instant Diagnostic Systems
Healthcare IT company picks up diagnostic facility with home testing capabilities.
- By Leila McNeill
- Aug 23, 2018
Healthcare IT company VirtuO, Inc. (Coral Springs, Fla.) has acquired Instant Diagnostic Systems (IDS), a facility that specializes in home-based diagnostic testing.
VirtuOX provides diagnostic tools and services to organizations and professionals who diagnose and treat respiratory diseases. IDS is a state-licensed, Medicare-participating provider that performs homes testing for oxygen qualification as well as home sleep testing and dental application qualification.
“This is an ideal acquisition for us,” said Steven F. Lica, chief executive officer 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,” he added.
The acquisition was facilitated by healthcare M+A advisory firm VERTESS.
To learn more about VirtuOx, visit bit.ly/2w4FCEG, and for more information about IDS, visit bit.ly/2ORG4xd.
Leila McNeill is the Associate Editor of HME Business and Mobility Management magazines. She can be reached at LMcNeill@1105media.com.