Mountain View, Calif.-based Omnicell Inc. has announced an agreement to acquire Elgin, S.C.-based Rioux Vision Inc. in an all cash transaction valued at approximately $26 million.
Omnicell is a provider of system solutions to acute healthcare facilities, while Rioux Vision is a designer and manufacturer of mobile cart technology for bedside point-of-care medication management.
Under terms of the agreement, Omnicell will acquire 100 percent of the outstanding shares of Rioux Vision, which will become a wholly-owned subsidiary of Omnicell. Closing of the transaction is expected to occur in the current quarter ending Dec. 31, 2007, subject to the satisfaction of customary closing conditions.
