Standard Register and Precision Dynamics Enter Agreement to Deliver on Growing Healthcare ID Needs
29 Julho 2010 - 2:00PM
Business Wire
Standard Register (NYSE:SR) and Precision Dynamics Corporation
(PDC), both innovators in healthcare identification solutions,
announced they have entered into an agreement that will enable them
each to more fully address healthcare’s pressing needs for
effective patient identification solutions throughout the continuum
of care.
Under the agreement, the two companies will market each other’s
wristbands and labels, and manufacture products for one another.
The arrangement creates immediate supply chain efficiencies for
both companies, while extending their product portfolios and
enhancing customer service through expanded regional and internal
sales teams. Longer term, the two hope to work together to develop
a new generation of patient identification and labeling
solutions.
“This agreement is a win for both companies and the healthcare
market,” said Brad Cates, president of Standard Register’s
Healthcare Business Unit. “It opens new avenues for our patient
identification solutions, while giving us the means to more
effectively respond to market demand and address the broad range of
healthcare problems.”
"Our customers will immediately benefit from the combination of
Standard Register and Precision Dynamics’ leading ID technologies
and services, providing them with the best solutions to improve
clinical outcomes," said Gary Hutchinson, president and CEO of
Precision Dynamics. “Our agreement provides a great opportunity to
help hospitals enhance patient safety through positive
identification, a critical priority in the healthcare
industry.”
About Standard Register
Standard Register is a premier document services provider,
trusted by companies to manage the critical documents they need to
thrive in today’s competitive climate. Employing nearly a century
of industry expertise, Lean Six Sigma methodologies and other
leading technologies, the Company helps organizations increase
efficiency, reduce costs, mitigate risks, grow revenue and meet the
challenges of a changing business landscape. The Company offers
document and label solutions, technology solutions, consulting and
print supply chain services to help clients manage documents
throughout their enterprises. More information is available at
http://www.standardregister.com.
The Standard Register Healthcare Business Unit serves more than
3,100 hospitals and 100 of the nation's top integrated delivery
networks (IDNs). It helps healthcare providers bridge the worlds of
paper and electronic with document management and workflow
automation solutions for patient identification and documentation,
secure prescriptions, training, patient and marketing
communications, as well as professional services and print supply
chain services . More information is available at
www.standardregister.com/healthcare.
About Precision Dynamics Corporation (PDC):
The Leading Provider of Positive ID and Positive Outcomes™
With more than 50 years of experience, Precision Dynamics
provides accurate, reliable, and easy-to-use healthcare ID
solutions that empower the flawless delivery of care and enhance
outcomes across all major hospital functions. PDC products are used
in all of the leading hospitals worldwide and comprise a
comprehensive range of wristband and labeling systems that provide
positive ID and positive clinical outcomes.
Precision Dynamics products meet important guidelines of the
Joint Commission, World Healthcare Organization, FDA, AHA, and
HIPAA. As the developer of the first single-piece patient
wristband, the first bar code wristband system, and the first Smart
Band® RFID wristband system, Precision Dynamics solutions are an
integral part of some of the most successful patient safety
initiatives. As an ISO 9001 certified company, Precision Dynamics
follows a systematic, world-standard approach to ensure superior
product design, manufacturing, and customer support services.
Precision Dynamics constantly strives to better understand customer
needs and measures performance through vehicles such as its
Customer Council and Customer Survey Program. For more information,
call 800.772.1122 or visit www.pdcorp.com/healthcare.
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