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Patient Safety Technologies

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uuid002ubz1

Namestring
Patient Safety Technologies
Legal namestring
Stryker
Company typeenum
Private
Founded yearint
2004
Descriptiontext

Patient Safety Technologies, operating commercially as SafeOR, is a U.S.-based medical device subsidiary of Stryker (NYSE: SYK) that develops products for the surgical patient safety market, with a stated mission of zero retained surgical sponges and zero maternal harm from hemorrhage. The company's flagship offering is SurgiCount+ integrated with Triton, a digital system that combines surgical sponge counting with real-time quantitative blood loss (QBL) assessment and a backend database that aggregates case-level data across procedures. The broader product portfolio spans Neptune 3 and Neptune S fluid waste management systems, SafeAir and SafeAir Compact smoke evacuation devices, Photonblade 3 SE electrosurgical pencils with integrated evacuation, the Procedural Oxygen Mask for airway management, and the Cactus pharmaceutical waste system. Core technologies rely on proprietary sensors, RFID/barcode-based sponge tracking, and integrated clinical workflow software rather than artificial intelligence.

The company sells primarily through Stryker's direct enterprise field sales force and medical device distributor networks, targeting hospital Operating Rooms, Labor and Delivery departments, and Gastroenterology suites. The revenue model is a combination of capital equipment hardware sales and recurring consumables and accessories (electrodes, replacement parts, procedural mask accessories), with quote-based pricing via local representative engagement rather than public list pricing. Customer segments are verticalized by clinical use case, with L&D and OR marked as primary and GI as secondary. Marketing is executed through clinical content (Resource Library, Community Hub, Safety Huddle, Facility Assessment Tool), industry events (including AWHONN 2025), and corporate social channels under the Stryker Surgical Technologies brand.

As a Stryker subsidiary, Patient Safety Technologies benefits from the parent's global distribution, regulatory infrastructure, and brand credibility. The firm has 101-250 employees and is headquartered in Newtown, United States. Historical standalone funding of approximately $15.8 million was raised across three rounds in 2009-2010, predating the Stryker integration; no recent independent funding activity or standalone revenue disclosure is available in the source material.

Short descriptiontext

Patient Safety Technologies (SafeOR), a Stryker subsidiary, develops medical devices for surgical patient safety, including the SurgiCount+ integrated with Triton sponge-counting and quantitative blood loss system, Neptune waste management, and SafeAir smoke evacuation products sold to hospital OR, L&D, and GI departments.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersNewtown, United States
HQ citystring
Newtown
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
surgical safety devices, surgical sponge counting, quantitative blood loss, operating room equipment, medical device solutions
Industry2 codes
PRIMARYHLACANAE
SaMD – Monitoring, Triage & Risk Stratification Software
Healthcare & Life Sciences/Digital Health & Health IT/Digital Therapeutics (DTx) & Software as a Medical Device (SaMD)
SECONDARYHLACAGAA
Diagnostic & Triage Decision Support
Healthcare & Life Sciences/Digital Health & Health IT/Clinical Decision Support (CDS) & Care Pathway Tools
NAICS code2 codes
  • Surgical and Medical Instrument Manufacturing339112
  • Electromedical and Electrotherapeutic Apparatus Manufacturing334510
SIC code2 codes
  • Surgical & Medical Instruments & Apparatus3841
  • Electromedical & Electrotherapeutic Apparatus3845
Product category
Surgical Patient Safety Medical Devices
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Medical Device Hardware Sales
TypeHardware Sales
Description

Sale of medical devices including Neptune waste management systems, SafeAir smoke evacuation products, Photonblade surgical instruments, and SurgiCount+ sponge management systems. These are capital equipment purchases for operating rooms and clinical settings.

safeor.com
2Consumables and Accessories
TypeHardware Sales
Description

Recurring sales of consumable products including electrodes, accessories, and replacement parts for Neptune and SafeAir systems, as well as Procedural Oxygen Mask accessories.

safeor.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Technology or R&D, Marketing or Sales, Personnel
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 8 records shown
1SurgiCount+
Description

Surgical sponge management and counting system integrated with Triton technology for quantitative blood loss assessment

safeor.com
+7 more records
Core offering1 text field

Patient Safety Technologies, operating as the SafeOR division of Stryker, develops and sells medical devices for surgical patient safety. Its core product is the SurgiCount+ system integrated with Triton technology for digital surgical sponge counting and real-time quantitative blood loss (QBL) assessment. The portfolio also includes Neptune waste management systems, SafeAir smoke evacuation products, Photonblade electrosurgical pencils, Procedural Oxygen Masks, and the Cactus pharmaceutical waste management solution, sold to hospitals and surgical centers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 88% of retained surgical items are due to a false correct count - SurgiCount+ addresses this by digitizing and verifying counts
+3 more records
Product overview1 text field

SafeOR (a Stryker company) offers a unified portfolio of integrated surgical safety and waste management products. The core offerings include SurgiCount+ (integrated with Triton technology) for sponge counting and quantitative blood loss measurement; Neptune family systems (Neptune 3, Neptune S) for fluid waste and smoke management; SafeAir/SafeAir Compact smoke evacuation products; Photonblade 3 SE electrosurgical pencils; Procedural Oxygen Mask for airway management; and Cactus for pharmaceutical waste disposal. The SurgiCount+ with Triton integration represents the latest generation combining sponge tracking with real-time blood loss assessment. The product line serves operating rooms, labor and delivery, and gastroenterology settings with both standalone and integrated solutions.

Product and service7 records
1SurgiCount+ integrated with Triton
CategoryCore Product - Sponge Management & Quantitative Blood Loss
Description

Sponge management and quantitative blood loss solution designed to prevent retained surgical sponges and assess real-time blood loss across the continuum of care. Digitizes hemorrhage protocols and standardizes the QBL process; intended for hospital operating rooms and labor and delivery units.

2Neptune 3
CategoryCore Product - Waste Management
Description

Waste management system for operating room fluid and smoke evacuation, designed to handle high-volume waste and surgical smoke for hospital ORs.

3Neptune S
CategoryCore Product - Waste Management
Description

Low fluid waste management system designed for gastroenterology procedures and lower-volume fluid management needs.

4SafeAir
CategoryCore Product - Smoke Evacuation
Description

Smoke evacuation system with electrodes and accessories for surgical smoke management in operating rooms.

5Photonblade 3 SE
CategoryCore Product - Smoke Evacuation Surgical Instrument
Description

Electrosurgical pencil with integrated smoke evacuation for surgical site smoke management in hospital operating rooms.

6Procedural Oxygen Mask (POM)
CategoryCore Product - Airway Management
Description

Oxygen mask designed for airway management during medical procedures, providing oxygen delivery for GI and other procedural settings.

7Cactus
CategoryCore Product - Pharmaceutical Waste Management
Description

Pharmaceutical waste management solution for safe disposal of medical and pharmaceutical waste in healthcare facilities.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierFlagshipTypeStrategic or Co-development Partner
Description

Patient Safety Technologies operates as a division of Stryker's Surgical Technologies unit. Stryker provides corporate infrastructure, privacy policy, legal framework, and brand affiliation. The company website references Stryker's corporate policies and maintains Stryker branding throughout.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Patient Safety Technologies is a Stryker subsidiary operating within its Surgical Technologies unit, with shared branding, sales force, and corporate infrastructure; Stryker is the parent and a benchmark broad incumbent in OR medtech.

TypeBroad incumbent
Description

Cardinal Health's medical and surgical supply distribution business competes with the SurgiCount+ and Neptune product lines through hospital supply contracts and bundled OR safety offerings.

TypeBroad incumbent
Description

Medtronic is a broad incumbent in surgical instruments, energy devices (Ligasure, Sonicision), and OR capital equipment, competing with Patient Safety Technologies in electrosurgical and OR safety purchasing decisions.

TypeDirect peer
Description

STERIS competes directly in OR fluid waste management, sterilization, and surgical safety capital equipment, overlapping with Neptune 3 and OR safety workflows served by Patient Safety Technologies.

TypeDirect peer
Description

Conmed is a direct peer in electrosurgical generators, smoke evacuation pencils, and OR consumables—directly competitive with Patient Safety Technologies' SafeAir and Photonblade product lines for hospital OR purchasing decisions.

TypeBroad incumbent
Description

Ethicon (J&J) competes broadly in OR surgical instruments, energy devices, and stapling—overlapping with Patient Safety Technologies' OR and surgical safety product set across hospital accounts.

TypeDirect peer
Description

Haldor's OR-Sponge RFID-based counting system is the most direct head-to-head competitor to SurgiCount+ in preventing retained surgical sponges, addressing the same clinical pain point with a different technology approach.

TypeBroad incumbent
Description

BD's surgery and medical surgical segments compete in surgical instruments, OR supplies, and patient safety categories, making it an incumbent comparator for hospital procurement contracts that include sponge counting and OR safety devices.

TypeEmerging player
Description

Olympus competes in GI endoscopy and procedural smoke evacuation in gastroenterology settings—overlapping with Patient Safety Technologies' Neptune S and Procedural Oxygen Mask lines for GI procedural suites.

TypeDirect peer
Description

ERBE is a direct peer in electrosurgical and electrotherapeutic devices used in surgical suites, competing head-to-head with Patient Safety Technologies' Photonblade 3 SE electrosurgical pencil in hospital energy device procurement.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Patient Safety Technologies

Surgical Patient Safety Medical Devicespatientsafetytechnologies.com

Patient Safety Technologies (SafeOR), a Stryker subsidiary, develops medical devices for surgical patient safety, including the SurgiCount+ integrated with Triton sponge-counting and quantitative blood loss system, Neptune waste management, and SafeAir smoke evacuation products sold to hospital OR, L&D, and GI departments.

What Patient Safety Technologies does

Patient Safety Technologies, operating commercially as SafeOR, is a U.S.-based medical device subsidiary of Stryker (NYSE: SYK) that develops products for the surgical patient safety market, with a stated mission of zero retained surgical sponges and zero maternal harm from hemorrhage. The company's flagship offering is SurgiCount+ integrated with Triton, a digital system that combines surgical sponge counting with real-time quantitative blood loss (QBL) assessment and a backend database that aggregates case-level data across procedures. The broader product portfolio spans Neptune 3 and Neptune S fluid waste management systems, SafeAir and SafeAir Compact smoke evacuation devices, Photonblade 3 SE electrosurgical pencils with integrated evacuation, the Procedural Oxygen Mask for airway management, and the Cactus pharmaceutical waste system. Core technologies rely on proprietary sensors, RFID/barcode-based sponge tracking, and integrated clinical workflow software rather than artificial intelligence.

The company sells primarily through Stryker's direct enterprise field sales force and medical device distributor networks, targeting hospital Operating Rooms, Labor and Delivery departments, and Gastroenterology suites. The revenue model is a combination of capital equipment hardware sales and recurring consumables and accessories (electrodes, replacement parts, procedural mask accessories), with quote-based pricing via local representative engagement rather than public list pricing. Customer segments are verticalized by clinical use case, with L&D and OR marked as primary and GI as secondary. Marketing is executed through clinical content (Resource Library, Community Hub, Safety Huddle, Facility Assessment Tool), industry events (including AWHONN 2025), and corporate social channels under the Stryker Surgical Technologies brand.

As a Stryker subsidiary, Patient Safety Technologies benefits from the parent's global distribution, regulatory infrastructure, and brand credibility. The firm has 101-250 employees and is headquartered in Newtown, United States. Historical standalone funding of approximately $15.8 million was raised across three rounds in 2009-2010, predating the Stryker integration; no recent independent funding activity or standalone revenue disclosure is available in the source material.

Patient Safety Technologies firmographics

Firmographics
Name
Patient Safety Technologies
Legal name
Stryker
Website
https://patientsafetytechnologies.com
Company type
Private
Founded year
2004
Operating status
Operating
Headcount range
101–250 employees
Short description
Patient Safety Technologies (SafeOR), a Stryker subsidiary, develops medical devices for surgical patient safety, including the SurgiCount+ integrated with Triton sponge-counting and quantitative blood loss system, Neptune waste management, and SafeAir smoke evacuation products sold to hospital OR, L&D, and GI departments.
Ownership category
akta.pro rank

Patient Safety Technologies industry classification

Industry
Product category
Surgical Patient Safety Medical Devices
NAICS
Surgical and Medical Instrument Manufacturing (339112), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)
SIC
Surgical & Medical Instruments & Apparatus (3841), Electromedical & Electrotherapeutic Apparatus (3845)
akta.pro industry
PRIMARYHLACANAE
SaMD – Monitoring, Triage & Risk Stratification Software
Healthcare & Life Sciences/Digital Health & Health IT/Digital Therapeutics (DTx) & Software as a Medical Device (SaMD)
SECONDARYHLACAGAA
Diagnostic & Triage Decision Support
Healthcare & Life Sciences/Digital Health & Health IT/Clinical Decision Support (CDS) & Care Pathway Tools

Keywords

  • Surgical safety devices
  • Surgical sponge counting
  • Quantitative blood loss
  • Operating room equipment
  • Medical device solutions

Where Patient Safety Technologies is headquartered

Location

Headquarters

HQ city
Newtown
HQ country
United States
HQ region
North America

Markets served

Patient Safety Technologies business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Technology or R&D, Marketing or Sales, Personnel

Revenue model

  1. Medical Device Hardware Sales: Sale of medical devices including Neptune waste management systems, SafeAir smoke evacuation products, Photonblade surgical instruments, and SurgiCount+ sponge management systems. These are capital equipment purchases for operating rooms and clinical settings.
  2. Consumables and Accessories: Recurring sales of consumable products including electrodes, accessories, and replacement parts for Neptune and SafeAir systems, as well as Procedural Oxygen Mask accessories.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Patient Safety Technologies product offering

Product offering

Core offering

Patient Safety Technologies, operating as the SafeOR division of Stryker, develops and sells medical devices for surgical patient safety. Its core product is the SurgiCount+ system integrated with Triton technology for digital surgical sponge counting and real-time quantitative blood loss (QBL) assessment. The portfolio also includes Neptune waste management systems, SafeAir smoke evacuation products, Photonblade electrosurgical pencils, Procedural Oxygen Masks, and the Cactus pharmaceutical waste management solution, sold to hospitals and surgical centers.

Product overview

SafeOR (a Stryker company) offers a unified portfolio of integrated surgical safety and waste management products. The core offerings include SurgiCount+ (integrated with Triton technology) for sponge counting and quantitative blood loss measurement; Neptune family systems (Neptune 3, Neptune S) for fluid waste and smoke management; SafeAir/SafeAir Compact smoke evacuation products; Photonblade 3 SE electrosurgical pencils; Procedural Oxygen Mask for airway management; and Cactus for pharmaceutical waste disposal. The SurgiCount+ with Triton integration represents the latest generation combining sponge tracking with real-time blood loss assessment. The product line serves operating rooms, labor and delivery, and gastroenterology settings with both standalone and integrated solutions.

Differentiator

Problem solved

Functional benefit

Brands

  • SurgiCount+: Surgical sponge management and counting system integrated with Triton technology for quantitative blood loss assessment
  • Triton
  • Neptune 3
  • Neptune S
  • SafeAir
  • Photonblade 3 SE
  • Procedural Oxygen Mask
  • Cactus

Products and services

  • SurgiCount+ integrated with Triton Sponge management and quantitative blood loss solution designed to prevent retained surgical sponges and assess real-time blood loss across the continuum of care. Digitizes hemorrhage protocols and standardizes the QBL process; intended for hospital operating rooms and labor and delivery units.
  • Neptune 3 Waste management system for operating room fluid and smoke evacuation, designed to handle high-volume waste and surgical smoke for hospital ORs.
  • Neptune S Low fluid waste management system designed for gastroenterology procedures and lower-volume fluid management needs.
  • SafeAir Smoke evacuation system with electrodes and accessories for surgical smoke management in operating rooms.
  • Photonblade 3 SE Electrosurgical pencil with integrated smoke evacuation for surgical site smoke management in hospital operating rooms.
  • Procedural Oxygen Mask (POM) Oxygen mask designed for airway management during medical procedures, providing oxygen delivery for GI and other procedural settings.
  • Cactus Pharmaceutical waste management solution for safe disposal of medical and pharmaceutical waste in healthcare facilities.

Quantifiable outcome

  • 88% of retained surgical items are due to a false correct count - SurgiCount+ addresses this by digitizing and verifying counts
  • +3 more outcomes

Companies that use Patient Safety Technologies

Customer profile

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Patient Safety Technologies technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Patient Safety Technologies partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • StrykerflagshipStrategic or Co-development PartnerPatient Safety Technologies operates as a division of Stryker's Surgical Technologies unit. Stryker provides corporate infrastructure, privacy policy, legal framework, and brand affiliation. The company website references Stryker's corporate policies and maintains Stryker branding throughout.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Patient Safety Technologies competitors and assessment

Company assessment

Broad incumbents

  • Stryker Corporation: Patient Safety Technologies is a Stryker subsidiary operating within its Surgical Technologies unit, with shared branding, sales force, and corporate infrastructure; Stryker is the parent and a benchmark broad incumbent in OR medtech.
  • Cardinal Health: Cardinal Health's medical and surgical supply distribution business competes with the SurgiCount+ and Neptune product lines through hospital supply contracts and bundled OR safety offerings.
  • Medtronic: Medtronic is a broad incumbent in surgical instruments, energy devices (Ligasure, Sonicision), and OR capital equipment, competing with Patient Safety Technologies in electrosurgical and OR safety purchasing decisions.
  • Johnson & Johnson (Ethicon): Ethicon (J&J) competes broadly in OR surgical instruments, energy devices, and stapling—overlapping with Patient Safety Technologies' OR and surgical safety product set across hospital accounts.
  • Becton Dickinson (BD): BD's surgery and medical surgical segments compete in surgical instruments, OR supplies, and patient safety categories, making it an incumbent comparator for hospital procurement contracts that include sponge counting and OR safety devices.

Direct peers

  • STERIS: STERIS competes directly in OR fluid waste management, sterilization, and surgical safety capital equipment, overlapping with Neptune 3 and OR safety workflows served by Patient Safety Technologies.
  • Conmed Corporation: Conmed is a direct peer in electrosurgical generators, smoke evacuation pencils, and OR consumables—directly competitive with Patient Safety Technologies' SafeAir and Photonblade product lines for hospital OR purchasing decisions.
  • Haldor Advanced Technologies: Haldor's OR-Sponge RFID-based counting system is the most direct head-to-head competitor to SurgiCount+ in preventing retained surgical sponges, addressing the same clinical pain point with a different technology approach.
  • ERBE Elektromedizin: ERBE is a direct peer in electrosurgical and electrotherapeutic devices used in surgical suites, competing head-to-head with Patient Safety Technologies' Photonblade 3 SE electrosurgical pencil in hospital energy device procurement.

Emerging players

  • Olympus Corporation: Olympus competes in GI endoscopy and procedural smoke evacuation in gastroenterology settings—overlapping with Patient Safety Technologies' Neptune S and Procedural Oxygen Mask lines for GI procedural suites.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Patient Safety Technologies social profiles

Digital presence

Patient Safety Technologies financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Patient Safety Technologies leadership team

Management profile

Number of profiles

Profiles1 record

Patient Safety Technologies funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Patient Safety Technologies M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Patient Safety Technologies

What does Patient Safety Technologies do?

Patient Safety Technologies, operating as the SafeOR division of Stryker, develops and sells medical devices for surgical patient safety. Its core product is the SurgiCount+ system integrated with Triton technology for digital surgical sponge counting and real-time quantitative blood loss (QBL) assessment. The portfolio also includes Neptune waste management systems, SafeAir smoke evacuation products, Photonblade electrosurgical pencils, Procedural Oxygen Masks, and the Cactus pharmaceutical waste management solution, sold to hospitals and surgical centers.

Is Patient Safety Technologies a public or private company?

Patient Safety Technologies is a private company. It is classified as corporate owned and is currently operating.

When was Patient Safety Technologies founded?

Patient Safety Technologies was founded in 2004. It employs 101 to 250 people.

Where is Patient Safety Technologies based?

Patient Safety Technologies is headquartered in Newtown, United States, in the North America region.

How does Patient Safety Technologies make money?

Two revenue lines are on record. Medical Device Hardware Sales are the primary driver. The others are consumables and Accessories.

Who are Patient Safety Technologies's main competitors?

Broad incumbents on record are Stryker Corporation, Cardinal Health, Medtronic, Johnson & Johnson (Ethicon) and Becton Dickinson (BD). Direct peers are STERIS, Conmed Corporation, Haldor Advanced Technologies and ERBE Elektromedizin. Olympus Corporation is listed as an emerging player.

Does Patient Safety Technologies have an API?

No public API is recorded for Patient Safety Technologies.

What industry is Patient Safety Technologies in?

Patient Safety Technologies's product category is Surgical Patient Safety Medical Devices. Its primary akta.pro industry code is HLACANAE, SaMD – Monitoring, Triage & Risk Stratification Software, with a secondary code of HLACAGAA, Diagnostic & Triage Decision Support. Its NAICS code is 339112 and its SIC code is 3841.

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Live signals
PrhiThe Patient Safety Technology Challenge’s New Focus Empowers Patients and Pushes for Consumer-Driven Solutions to Medical ErrorsThe Patient Safety Technology Challenge selected patient-centric innovation as its primary focus area for 2025, targeting technologies that empower individuals and their support systems. PRHI will fund projects across five safety categories—medications, procedural/surgical, patient care, infections, and diagnostic safety—that utilize technology to bridge communication gaps between patients and providers.GlobeNewswireStryker Completes Acquisition of Patient Safety Technologies, Inc.Stryker completed its acquisition of Patient Safety Technologies, which operates through SurgiCount Medical. The company's Safety-Sponge system and SurgiCount 360 compliance software help prevent retained foreign objects in the operating room. Stryker's products are available in over 100 countries.GlobeNewswireINVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Patient Safety Technologies, Inc. of Class Action Against Company's Board of Directors in Relation to the Sale of the Company to Stryker CorLevi & Korsinsky notified investors of a class action against Patient Safety Technologies' board over the sale to Stryker, alleging fiduciary breaches. The deal pays $2.22 per share, totaling $120 million. The complaint questions whether the board adequately shopped the deal and if Stryker is underpaying.GlobeNewswireStryker Announces Definitive Agreement to Acquire Patient Safety Technologies, Inc. for $120 MillionStryker announced a definitive agreement to acquire Patient Safety Technologies for $120 million, or $2.22 per share. The deal includes SurgiCount's Safety-Sponge system, which prevents retained foreign objects in surgery. Closing is expected in the first quarter of 2014.StrykerStryker Announces Definitive Agreement to Acquire Patient Safety Technologies, Inc. for $120 MillionStryker Corporation has announced a definitive agreement to acquire Patient Safety Technologies, Inc. for an aggregate purchase price of $120 million, or $2.22 per share. The acquisition aims to integrate PSTX's Safety-Sponge System and compliance software into Stryker's Instruments division to help prevent retained foreign objects in operating rooms. The transaction is expected to close in the first quarter of 2014, subject to customary closing conditions including stockholder approval.GlobeNewswirePatient Safety Technologies, Inc. to Present at Taglich Brothers 9th Annual Small Cap Equity ConferencePatient Safety Technologies CEO Brian E. Stewart will present at Taglich Brothers' 9th Annual Small Cap Equity Conference on May 1, 2012, in New York City. The company's Safety-Sponge System is used in over 150 U.S. hospitals, including six Best Hospitals Honor Roll recipients.GlobeNewswirePatient Safety Technologies' Affiliate to MergeDigicorp, an affiliate of Patient Safety Technologies, entered a Letter of Intent to acquire Rebel Crew Films, a film licensing and distribution company. Jay Rifkin will become Chairman and CEO upon completion, with interim leadership under CFO William B. Horne. The acquisition aims to support PST's goal of becoming a pure-play healthcare company.GlobeNewswirePatient Safety Technologies Subsidiary Signs Exclusive 8-Year, Safety-Sponge Manufacturing and Supply AgreementSurgiCount Medical, a subsidiary of Patient Safety Technologies, signed an exclusive 8-year agreement with A Plus International to supply data matrix tagged, bulk and sterile sponges for its Safety-Sponge system. The agreement covers manufacturing, packaging, sterilization, logistics, and regulatory compliance, with renewal options. The company aims to reduce retained sponge incidents and associated costs.GlobeNewswirePatient Safety Technologies, Inc. Postpones its 2005 Annual Meeting of StockholdersPatient Safety Technologies, Inc. postponed its 2005 Annual Meeting of Stockholders, originally set for July 15, 2005, and anticipates rescheduling for late August or early September. The company, based in Santa Monica, California, develops patient safety products including its Safety-Sponge system.GlobeNewswirePatient Safety Technologies to Seek Public Listing for Newly Formed Subsidiary, Ault Glazer Bodnar Capital, Inc.Patient Safety Technologies announced it will pursue a separate public listing for AGB Capital, its non-patient safety assets. The company expects to file regulatory documents and secure a listing early next year. The listing aims to maximize financial flexibility for AGB Capital.