Yesterday, OSI announced that they have completed the acquisition of UK-based Blease Medical Holdings Limited, a privately-owned manufacturer of anesthesia systems, vaporizers and ventilators. Purchase price:  an initial payment of GBP4.5 million cash and potential contingent payments of up to GBP6.25 million, based upon revenue performance targets over the next three years. For its fiscal year ending May 31, 2004 Blease had annual sales of approximately GBP10 million.

I've never heard of Blease, but if they have an up to date quality product that can be moved through Spacelab's distribution channels, OSI got a smokin' deal -- and watch out Datascope!