A sensor assembly is provided that includes a frame upon which electrical and optical components may be disposed and a covering, such as an overmold coating, provided about the frame. The frame may be moved between an open and a closed configuration, such as during the manufacture of the sensor assembly. The sensor assembly includes a retaining component configured to hold the sensor in the closed configuration when engaged. In one embodiment, the sensor may be placed on a patient's finger, toe, ear, and so forth to obtain pulse oximetry or other physiological measurements.