SunTech Medical Group Acquires UK Headquartered Medical Company.EYNSHAM, United Kingdom -- SunTech Medical Group Limited has acquired Oakfield Instruments Limited. Oakfield specializes in the design, development, manufacture and distribution of gastrointestinal pressure, pH monitoring equipment and urology urology Medical specialty dealing with the urinary system and male reproductive organs. It traces its origin to medieval lithologists, itinerant healers who specialized in surgical removal of bladder stones. products. Oakfield Instruments market their products under the FLEXILOG brand and are headquartered in the UK. The Company will continue to be run by its existing management team following the acquisition. "We are very excited about the benefits that this acquisition will bring," said John Giddings, Managing Director, Oakfield Instruments Limited. "The financial investment and managerial support provided by SunTech Medical Group will enable Oakfield to accelerate its existing product development plans, enhance its marketing efforts and extend its current export activities." Currently a world leader in motion-tolerant, non-invasive blood pressure monitoring products and technology, SunTech Medical Group will now have a presence in two new medical diagnostic markets. "There is significant potential in Oakfield Instruments and we are happy to have secured ownership of such a strong brand name as FLEXILOG," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. John Laurie, Chairman of SunTech Medical Group Ltd. "The acquisition is the next step in our plans to develop and grow SunTech Medical into a focused medical diagnostics business." About SunTech Medical Group: SunTech Medical Group Ltd is a privately owned holding company headquartered in Eynsham, UK and operates through subsidiaries in Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , USA and Oxfordshire, UK. SunTech Medical offers products for 24-hour ambulatory BP monitoring, cardiac stress BP monitoring, customizable OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and NIBP NIBP Non-Invasive Blood Pressure modules and blood pressure cuffs. For more information visit www.SunTechMed.com. |
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