This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

SurgiCount Medical Announces Expanded Market Penetration Of Its Safety-Sponge® System

















IRVINE, Calif., March 12, 2012 /PRNewswire/ -- SurgiCount Medical, Inc., the wholly-owned operating subsidiary of Patient Safety Technologies, Inc. (OTCBB: PSTX, OTCQB: PSTX) today announced that the number of institutions currently using its SurgiCount Safety-Sponge ® System has surpassed 135.  Over 57 new facilities have been successfully implemented since the end of the third quarter of 2011, representing approximately 72% growth in SurgiCount's installed base of users during that time. Additionally, the Company has signed agreements with additional stand-alone hospitals and hospital systems representing an additional 120 facilities, the majority of which are currently scheduled to implement in the first half of 2012.  This expanded user base brings the total hospitals currently using the Safety-Sponge ® System and those covered by signed agreements and expected implementations to over 255.

Included in the additional facilities with signed agreements and expected implementation dates is an additional 2011-2012 U.S. News and World Report Best Hospital Honor Roll recipient, raising to seven the total number of 2011-2012 U.S. News and World Report Best Hospital Honor Roll recipients using the SurgiCount Safety-Sponge ® System. 

Additionally, the Company announced that use of the SurgiCount Safety-Sponge ® System recently surpassed an estimated 75 million Safety-Sponges ® successfully used in more than 3.6 million procedures. 

"We are proud to partner with our ever expanding list of customers in an effort to offer their patients the highest standards of care, afford their surgical staff the best protection available and reduce their preventable costs.  With more known user hospitals, more Best Hospitals Honor Roll recipients and more successful procedures than all competitive solutions combined, we believe the SurgiCount Safety-Sponge ® System continues to further establish itself as the clear market leader in retained sponge prevention," stated Brian E. Stewart, President and Chief Executive Officer of Patient Safety Technologies, Inc.   

The company also announced that it will be presenting at the 24th Annual Roth Conference today, March 12th at 5:00 PM Pacific Time, in Laguna Niguel, CA.  A copy of the presentation to be given and a webcast of the presentation itself will be made accessible on the company's website, www.surgicountmedical.com.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs