OSI Nets $15 Million From Lawsuit

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OSI Systems Inc. will receive $15 million in the settlement of a lawsuit with GE Healthcare Finland Oy, the Hawthorne company announced Tuesday.

The dispute was over working capital adjustments and other matters from OSI’s 2004 purchase of Spacelabs Medical from the General Electric Co. unit. Spacelabs makes patient monitoring equipment, anesthesia delivery and ventilation systems, pulse oximeters, sensors and bone densitometers

OSI shares rose 17 cents to $26.21 in midday trading Tuesday on the Nasdaq.

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