Veterans' Administration West Los Angeles Health Care Center Adopts the SurgiCount Safety-Sponge(TM) System Technology
11 Agosto 2006 - 9:55AM
Business Wire
SurgiCount Medical, a wholly owned subsidiary of Patient Safety
Technologies, Inc. (AMEX:PST), announced today that it has agreed
to provide its patented Safety-Sponge(TM) System for the prevention
of retained sponges after surgery to the Veterans' Administration
West Los Angeles Health Care Center, part of the VA Greater Los
Angeles Healthcare System. SurgiCount expects to begin shipping its
patented gauze, lap sponges and surgical towels to this new
customer later this month through Professional Hospital Supply, a
provider of custom procedure trays (CPT) to the VA. Financial terms
were not disclosed. "The Safety-Sponge System is an important
advance in surgical care, and we are pleased to make this exciting
technology a standard element of surgical practice at our West Los
Angeles medical center, one of the highest-volume surgical centers
in the VA network. The Safety-Sponge System is an important step
forward in addressing the VA's initiative to lead the nation in
patient safety," said Tim Goheen, Director of Preoperative Nursing
for the VA's Greater Los Angeles Healthcare System and Chairman of
the VA's National Operating Room Advisory Group. Rick Bertran,
President of SurgiCount Medical, said, "This is our first
government order, and complements the contracts we already have won
with a number of private healthcare providers. This also is an
especially important order for SurgiCount because the VA's West Los
Angeles Health Care Center has traditionally been an opinion leader
in the VA healthcare network. Our Safety-Sponge System is currently
being evaluated by major hospitals, which we believe will lead to
additional supply agreements. With the many millions of surgical
procedures performed each year in the U.S. alone, we believe our
Safety-Sponge System represents an outstanding long-term growth
opportunity." SurgiCount Medical received FDA 510(k) clearance to
market and sell its Safety-Sponge System in March 2006, and is the
only computer-assisted system for counting sponges cleared by the
FDA. This contract is the second of the two contracts SurgiCount
received that was announced in our press release dated July 25,
2006. About The VA Greater Los Angeles Healthcare System The VA
Greater Los Angeles Healthcare System is the largest integrated
healthcare organization in the Department of Veterans Affairs with
945 operating and authorized beds, 3,500 employees, and an
operating budget approaching $500 million. It is a tertiary care
facility classified as a Clinical Referral Level 1 Facility, and is
a teaching hospital, providing a full range of patient care
services, with state-of-the-art technology as well as education and
research. The VAGLAHS is a part of VA Network 22, which includes
facilities in Los Angeles, Long Beach, San Diego, Loma Linda, and
Las Vegas, Nevada. About SurgiCount and the Safety-Sponge(TM)
System SurgiCount Medical's Safety-Sponge System works much like a
grocery store check-out system. Every surgical sponge and towel is
pre-labeled by the manufacturer with an individual and unique bar
coded label, and a scanning counter is used to read and record the
labels. No change is required in a hospital's established counting
procedures: sponges are counted and recorded by the system at the
beginning of the procedure and again as they are removed from the
patient. For more information, visit www.surgicountmedical.com.
About Patient Safety Technologies, Inc. (AMEX:PST) Patient Safety
Technologies, Inc. (PST) is a holding company that owns assets in
various businesses. Its wholly owned subsidiary, SurgiCount
Medical, Inc., is a developer and manufacturer of patient safety
products and services. For more information on Patient Safety
Technologies, Inc., please contact the company directly at
310-895-7750, or by email at info@patientsafetytechnologies.com or
www.patientsafetytechnologies.com. Forward-Looking Statements This
press release contains certain forward-looking statements. These
forward-looking statements can generally be identified as such
because the context of the statement will include words such as
Patient Safety Technologies plans, expects, should, believes,
anticipates or words of similar import. Stockholders, potential
investors and other readers are cautioned that these
forward-looking statements are predictions based only on current
information and expectations that are inherently subject to risks
and uncertainties that could cause future events or results to
differ materially from those set forth or implied by the
forward-looking statements. Certain of those risks and
uncertainties are discussed in our filings with the Securities and
Exchange Commission, including our annual report on Form 10-K and
quarterly reports on Form 10-Q. These forward-looking statements
are only made as of the date of this press release and Patient
Safety Technologies does not undertake any obligation to publicly
update such forward-looking statements to reflect subsequent events
or circumstances.
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