Spacelabs Healthcare to relocate from Issaquah to Snoqualmie
September 17, 2012
By Warren Kagarise
NEW — 7:30 p.m. Sept. 17, 2012
The owner of Issaquah-based Spacelabs Healthcare said the medical device manufacturer plans to relocate to Snoqualmie, executives announced Monday.
Spacelabs’ parent company, OSI Systems, Inc., paid $14 million for a 176,000-square-foot building in the Snoqualmie Ridge Business Park. Spacelabs should complete the move east by next spring.
In Issaquah, Spacelabs leases space in a corporate office park wedged between East Lake Sammamish Parkway and Lake Sammamish State Park.
“We continue to seek opportunities to enhance our facilities while simultaneously reducing our operating expenses in a sustainable manner,” Deepak Chopra, OSI Systems CEO, said in a statement. “The new headquarters in Snoqualmie provides a significant upgrade from our current headquarters and at a lower cost.”
(OSI Systems CEO Chopra is not the same person as the noted physician and writer Deepak Chopra.)
The industrial building in Snoqualmie once housed a manufacturing plant for Philips Oral Healthcare. The electronics giant manufactured the Sonicare toothbrush in the space, before Philips relocated the jobs to China in 2009.
OSI Systems — based in Hawthorne, Calif. — purchased Spacelabs for about $50 million in 2004.