M&A Deal Summary

Patient Safety Technologies Acquires SurgiCount Medical

On February 25, 2005, Patient Safety Technologies acquired healthcare services company SurgiCount Medical

Acquisition Highlights
  • This is Patient Safety Technologies’ 1st transaction in the Healthcare Services sector.
  • This is Patient Safety Technologies’ 1st transaction in the United States.
  • This is Patient Safety Technologies’ 1st transaction in California.

M&A Deal Summary

Date 2005-02-25
Target SurgiCount Medical
Sector Healthcare Services
Buyer(s) Patient Safety Technologies
Deal Type Add-on Acquisition

Target

SurgiCount Medical

Irvine, California, United States
SurgiCount Medical, Inc. is a provider of solution that improves patient safety and reduces healthcare costs by helping eliminate retained surgical sponges in surgery.

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Buyer(S) 1

Buyer

Patient Safety Technologies

Irvine, California, United States

Category Company
Founded 1959
Sector Healthcare Services
Employees25
DESCRIPTION

Patient Safety Technologies, Inc.through its wholly-owned operating subsidiary SurgiCount Medical, Inc., provides the Safety-Sponge System, a solution clinically proven to improve patient safety and reduce healthcare costs by helping eliminate retained surgical sponges.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1