Opto Circuits to supply equipment to Russian hospitals

Medical device maker Opto Circuits (India) today said its subsidiary has received an order to supply patient monitoring systems to major hospitals in Russia's Tyumen Oblast province.

Criticare Systems Inc, a subsidiary of Opto Circuits, has signed a contract to supply vital signs monitors to major hospitals in Tyumen Oblast, Russia's third-largest province, Opto Circuits said in a statement.

The company, however, did not disclose the value of the contract.

"Under the agreement developed by Criticare's Russian distributor, Elmedica, the company will provide nGenuity patient monitors, along with installation and training, to four hospitals, including three regional hospitals," the company said.

The hospitals are in the cities of Zavodoukovsk, Yalutorovsk and Tyumen. The purchase by the hospitals is part of Russia's nationwide programme to upgrade hospital equipment, it added.

Commenting on the development Opto Circuits CMD Vinod Ramnani said: "The new contract in Tyumen is one of two recent contracts Criticare has acquired through Elmedica to provide vital monitoring equipment to Russian medical centers."

The hospital modernisation programme represents significant business opportunities for global medical device manufacturers, he added.

Shares of Opto Circuits were trading at Rs 219.65 on the BSE, down 1.88% from its previous close.