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SurgiCount Medical To Sponsor The Inaugural Patient Safety, Science & Technology Summit Founded By The Masimo Foundation For Ethics, Innovation & Competition In Healthcare

IRVINE, Calif., Jan. 11, 2013 /PRNewswire/ -- SurgiCount Medical, Inc. (the wholly-owned operating subsidiary of Patient Safety Technologies, Inc. (OTCBB: PSTX, OTCQB: PSTX) today announced that it is joining a list of Committed Partners in sponsoring the inaugural Patient Safety, Science & Technology Summit.  Founded by the Masimo Foundation for Ethics, Innovation & Competition in Healthcare, the event is focused on confronting large patient safety issues with actionable ideas and innovations that can help transform the process of care for dynamic improvements in patient safety and cost of care.  President Bill Clinton headlines the event as the Keynote Speaker and is joined by a list of other speakers and panelists including Dr. Peter J. Pronovost, the Senior Vice President for Patient Safety and Quality at Johns Hopkins, and Joe Kiani, the founder and CEO of Masimo (NASDAQ: MASI) and Chairman of the Masimo Foundation.  The event is scheduled for January 13-14 at the Ritz Carlton in Laguna Niguel, CA. 

"We are proud to support the Masimo Foundation in its call to action to address preventable patient injuries and the real human and economic costs of their occurrence.  We look forward to helping enable and participating in the dialogue among other medical device technology companies, clinicians, hospitals, payers and government as we work toward providing actionable solutions to both improve patient safety and reduce healthcare costs," stated Brian E. Stewart, President and Chief Executive Officer of Patient Safety Technologies, Inc.  "As the provider of the market leading solution to the most commonly reported surgical adverse event, we believe we are in a unique position to play an integral role in helping achieve these goals and look forward to continuing to support the Masimo Foundation"         

About Patient Safety Technologies, Inc. and SurgiCount Medical 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 prevent the most commonly reported surgical adverse event, retained surgical sponges.  For more information, contact SurgiCount Medical, Inc. at (949) 387-2277 or visit www.surgicountmedical.com.

About the Patient Safety, Science & Technology Summit Improving patient safety is one of the greatest challenges facing the healthcare industry.  Cost-effectively solving patient safety challenges requires fundamental changes in the process of care and a collaborative effort from all stakeholders.  Founded by the Masimo Foundation for Ethics, Innovation & Competition in Healthcare, the Patient Safety, Science & Technology Summit is designed to unite and educate the healthcare industry (medical technology companies, clinicians, hospitals, payers, and government) toward actionable, high impact patient safety solutions. Focused on connecting ideas, people and technologies in order to connect the dots in patient care through monitoring and feedback, predicting risk, therapeutic advances, decision support, interoperability, automating and integrating quality measures, the Summit will deliver high impact patient safety recipes each year. For more information, visit www.patientsafetysummit.com.

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