Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

February 07, 2016 10:37 AM ET

Healthcare Equipment and Supplies

Company Overview of Patient Safety Technologies, Inc.

Company Overview

Patient Safety Technologies, Inc., through its subsidiary, SurgiCount Medical, Inc., engages in the development, marketing, and sale of products; and the provision of services in the medical patient safety markets in the United States. The company offers Safety-Sponge System, an integrated counting and documentation system that prevents surgical sponges and towels from being unintentionally left in patients after surgical procedures by allowing for accounting of these individual items prior to the patient being closed. The SurgiCount Safety-Sponge System is a patented system of bar-coded surgical sponges, SurgiCounter scanners, and SurgiCount360 software applications. Patient Safety Technolo...

2 Venture Plaza

Suite 350

Irvine, CA 92618

United States

Founded in 1959

25 Employees





Key Executives for Patient Safety Technologies, Inc.

Age: 50
Vice President and Treasurer
Vice President and Secretary
Age: 55
Director, Member of Inaugural Executive Council of the Center - Patien and Member of Audit Committee
Age: 84
Vice President of Product Management
Compensation as of Fiscal Year 2015.

Patient Safety Technologies, Inc. Key Developments

Patient Safety Technologies, Inc. Announces Management Changes

Pursuant to the agreement and Plan of Merger, dated as of December 31, 2013, by and among Stryker Corporation, PS Merger Sub Inc. and Patient Safety Technologies, Inc. on March 24, 2014, Merger Sub was merged with and into the company, with the company continuing as the surviving corporation and as a wholly owned subsidiary of Stryker. In connection with the Merger, both Brian E. Stewart and David C. Dreyer ceased to serve as officers of the company on March 24, 2014. Immediately following the Effective Time, the directors of the company appointed Timothy J. Scannell to serve as President, David G. Furgason to serve as Vice President, Jeanne M. Blondia to serve as Vice President and Treasurer and Dean H. Bergy to serve as Vice President and Secretary.

Patient Safety Technologies, Inc. Provides Earnings Guidance for the Fiscal Year Ended December 31, 2014, 2015 and 2016

Patient Safety Technologies, Inc. provided earnings guidance for the fiscal year ended December 31, 2014, 2015 and 2016. For the year 2014, the company expects revenue of USD 32.6 million, revenue growth rate of 47.0%, EBITDA of USD 4.6 million, and EBIT of USD 3.1 million. For the year 2015, the company expects revenue of USD 44.8 million, revenue growth rate of 37.4%, EBITDA of USD 11.3 million, and EBIT of USD 9.8 million. For the year 2016, the company expects revenue of USD 61.7 million, revenue growth rate of 37.8%, EBITDA of USD 19.5 million, and EBIT of USD 18.4 million.

Patient Safety Technologies, Inc., Special/Extraordinary Shareholders Meeting, Mar 21, 2014

Patient Safety Technologies, Inc., Special/Extraordinary Shareholders Meeting, Mar 21, 2014. Agenda: To consider and approve the adoption of the agreement and plan of merger.

Similar Private Companies By Industry

Company Name Region
ENDLS Optics, Inc. United States
DiLorenzo Biomedical LLC United States
Toolbox Medical Innovations United States
Mytrex, Inc. United States
Amendia, Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Patient Safety Technologies, Inc., please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at