INTEGRIS Baptist Medical Center Deploys the Safety-Sponge(TM) System Technology Across All Operating Rooms; Surgicount Medical
30 June 2006 - 2:41AM
Business Wire
Patient Safety Technologies, Inc. (AMEX:PST) announced today that
its wholly owned subsidiary, Surgicount Medical, has entered into a
three-year agreement with INTEGRIS Baptist Medical Center in
Oklahoma City to provide the facility with its patented
Safety-Sponge(TM) System. The company has received an initial
purchase order from INTEGRIS, which is Oklahoma's largest
not-for-profit health care organization, for the 19 operating rooms
at their flagship unit. Financial terms were not disclosed. After a
thorough evaluation at INTEGRIS since April, Baptist is the first
hospital in Oklahoma to order the System and make it a standard of
care in their hospital. The System is currently being evaluated by
other prestigious hospital networks in California, Florida, Maine,
Massachusetts, Missouri and Oklahoma which Surgicount hopes will
soon lead to additional supply agreements. "With more than 80,000
operating rooms and many millions of surgical procedures each year
in the U.S. alone, we believe our Safety-Sponge System represents
an outstanding long-term growth opportunity," said Bill Adams,
Chief Executive Officer of Surgicount Medical, Inc. "Our mission is
to improve the health of the people and communities that we serve,
and we always are looking for technologies to help us achieve this
objective. Surgicount's Safety-Sponge System is an innovative tool
that gives INTEGRIS a significant advantage for maintaining high
safety standards for our patients during surgery, while at the same
time increasing the efficiency of our surgical staff. Today's
announcement reflects our dedication to make every effort to
provide leading-edge health care services," said Janet Lewis,
INTEGRIS Baptist's Administrative Director of Surgical Services.
Surgicount Medical received FDA 510(k) clearance to market and sell
its Safety-Sponge System in March 2006. The Safety-Sponge System is
an integrated turn-key program of thermally affixed, data matrix
tagged surgical sponges, line-of-sight scanning technology, and
documentation that offers surgeons and hospitals a solution to
gossypiboma -- the term for surgical sponges accidentally left
inside a human body after surgery. Based on estimates and
assumptions made by Patient Safety Technologies management,
gossypiboma occurs in an estimated 3,000 to 5,000 surgical
procedures each year in the United States alone, and liability
settlements and other costs related to retained sponges amount to
an estimated $500 million to $750 million annually. The
Safety-Sponge System is the only computer-assisted system for
counting sponges cleared by the FDA. "This first contract is a
milestone agreement for Surgicount and an important step in the
implementation of our strategic plan to bring the Safety-Sponge
System to market as the new standard of surgical care. It
underscores our commitment to taking a leadership role in making
the operating room safer for patients and more efficient for
surgeons and surgical nurses by reducing or eliminating dangerous
and costly sponge-counting errors. We are thrilled to be partnering
with a leading health care organization the caliber of INTEGRIS
Health and look forward to working with them to raise the standard
of patient protection and safety in their operating rooms," said
Adams. About INTEGRIS Health INTEGRIS Health owns, manages or
leases hospitals, primary care clinics, mental health facilities,
rehabilitation centers, fitness centers, hospice services, home
health agencies and independent living centers throughout the state
of Oklahoma. INTEGRIS Health is an Oklahoma-owned, not-for-profit
corporation. Our mission is to improve the health of the people and
the communities we serve. More information about INTEGRIS Health
facilities and services is available on our home page at
www.integrisOK.com or by calling the INTEGRIS HealthLine at (405)
951-2277 or toll free at 1 (800) 951-2277. 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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