SpaceLabs Healthcare Inc., a maker of medical monitoring devices, is set to cut 43 jobs and close a business it owns in Irvine.
The move is part of cost-cutting efforts SpaceLabs’ parent company started about two months ago.
“We are consolidating operations across the U.S. and moving a lot of the operations from Irvine to Seattle,” Chief Financial Officer Nikhil Mehta said.
In August, Seattle-based SpaceLabs paid $25 million to buy Irvine’s Del Mar Reynolds Ltd. from Ferraris Group PLC of Britain.
Del Mar Reynolds designs and makes non-invasive diagnostic heart monitoring devices for hospitals. It also provides lab services and clinical trials for drug makers.
SpaceLabs is closing the plant by the end of the year, Mehta said.
All of the company’s U.S. manufacturing is moving to Seattle. Some workers have been offered jobs there.
The 30,000-square-foot Irvine plant off Bake Parkway was used for manufacturing, customer support and administration, Mehta said.
SpaceLabs has about 1,300 workers worldwide and does about $200 million in sales. About 30% of its sales are outside the U.S., Mehta said. Hawthorne-based OSI Systems Inc. owns 80% of SpaceLabs.
