Mountain View, Calif.-based Omnicell is best known for its automated pharmaceutical dispensing cabinets, supply management software and bedside medication management software. Elgin, S.C.-based Rioux Vision, with about 60 employees, sells a variety of carts to enable bedside distribution of supplies and medications and documentation of treatment.
Under terms of the acquisition, expected to close by year-end, Rioux Vision will become a wholly-owned subsidiary of Omnicell. The acquisition is expected to generate up to 6% additional revenue growth for Omnicell during 2008 but dilute earnings by about five cents per share. Omnicell expects the acquisition to add to earnings starting in 2009.
More information is available at omnicell.com and riouxvision.com.
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