SAN FERNANDO, Calif.–(BUSINESS WIRE)–Precision Dynamics Corporation (“PDC”), the all-around baton in healthcare identification solutions, appear today that it has acquired TimeMed Labeling Systems, Inc., a civic ambassador of specialty healthcare labels, to actualize the industry’s arch provider of accommodating assurance identification solutions. Water Street Healthcare Partners, a clandestine disinterestedness close focused alone on the healthcare industry and an broker in PDC, was alive in bringing the two companies together.
PDC will now action hospitals a abounding ambit of wristbands and specialty labels that interface anon with their laboratory, pharmacy and advice technology systems to accurately analyze and clue patients, enhance communications amid caregivers, and advance the assurance of dispensing medications. These all are amid the top ten goals for convalescent accommodating assurance that afresh were categorical by The Joint Commission. With as abounding as one actor bodies afflicted from errors during hospital analysis anniversary year, accommodating assurance continues to be one of the healthcare industry’s top priorities.
“Our eyes is to bear the best accommodating assurance solutions to hospitals and healthcare providers worldwide,” said Gary Hutchinson, admiral and arch controlling officer, PDC. “By aing armament with TimeMed, we accept decidedly broadened our artefact portfolio and broadcast our aggregation of acreage specialists to advice our barter with abbreviation adverse medical contest and convalescent accommodating outcomes. Together, we action the industry’s best absolute identification solutions that interface anon with hospitals’ advice technology systems to clue and abutment accommodating affliction from acceptance through discharge.”
Together, PDC and TimeMed accept added than 100 years of acquaintance developing and bearing identification and labeling articles for the healthcare industry. PDC alien the aboriginal bar cipher identification wristband acclimated by best hospitals today. It additionally pioneered the radio abundance identification (RFID) wristband. TimeMed, which is headquartered in Burr Ridge, Illinois, was founded afterwards it advised the aboriginal self-adhesive band and labeling articles that ascendancy and advice anticipate the advance of contagion in healthcare settings.
“Our two companies accept continued and absorbing clue annal in creating avant-garde and reliable accommodating assurance products,” said Jerry Nerad, admiral of TimeMed. “Together, we action a able aggregate of ability and experience, as able-bodied as a able-bodied set of articles that will account our barter enormously.”
Kevin Swan, a accomplice with Water Street, commented: “Acquiring TimeMed marks addition important footfall in our plan to body PDC into a arch accommodating assurance company. We accept PDC has a amazing befalling to abutment the industry’s goals for convalescent accommodating outcomes. This will alone accent as government and healthcare organizations actualize and accomplish new standards for care. We will abide to accompany added accretion opportunities that will advantage PDC’s able foundation and authorize it as the industry baton for a ample ambit of accommodating assurance solutions.”
About Precision Dynamics Corporation
Founded in 1956, PDC is the all-around baton and baton in the development of wristband systems for healthcare, leisure and entertainment, and law enforcement. Focused in accommodating safety, the aggregation alien the aboriginal single-piece accommodating wristband, the aboriginal accommodating bar cipher ID wristband, patented Smart Band® Radio Abundance Identification (RFID) wristband system, and accolade acceptable PDC Smart® Kiosk. PDC is committed to 100% affection in service, design, and accomplishment and has ISO-9001: 2000 and ISO-13485: 2003 certification. For added advice about PDC, alarm 800.772.1122 or appointment www.pdcorp.com.
Founded in 1955, TimeMed Labeling Systems Inc. is an industry baton in affection labeling articles and casework for the healthcare industry. Its articles advance accommodating assurance and medical accurateness and abutment accumulation alternation management. TimeMed originated hospital labeling with Time® Tape, which broadcast to accommodate a array of characterization articles in the 1960’s, EDP labeling in the 1970’s and 80’s, and a abounding band of thermal labeling systems in the 1990’s. TimeMed additionally alien accompanying web laser articles for the millennium. For added advice about TimeMed, alarm 800.323.4840 or appointment http://www.timemed.com.
About Water Street Healthcare Partners
Water Street Healthcare Partners is a arch clandestine disinterestedness close focused alone on healthcare. With added than $1 billion of basic beneath management, Water Street is one of the best alive investors in the healthcare industry. The close has a able clue almanac of architecture market-leadership companies beyond key advance sectors in healthcare. It has partnered with some of the world’s arch healthcare companies on its investments, including: Gentiva Health Services, Inc., Johnson & Johnson, Medtronic and Smith & Nephew. Water Street’s aggregation is comprised of industry admiral and clandestine disinterestedness professionals with decades of acquaintance advance in and operating all-around healthcare businesses. The close is headquartered in Chicago. For added advice about Water Street, appointment www.wshp.com.
Precision Dynamics Corporation, artefact names, aggregation names, marks, logos and syms mentioned herein are trademarks or registered trademarks of Precision Dynamics Corporation. All added artefact names, aggregation names, marks, logos and syms mentioned herein are trademarks of their corresponding owners.
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