IRVINE, Calif., Jan. 9, 2012 /PRNewswire/ -- SurgiCount Medical, Inc., the wholly-owned operating subsidiary of Patient Safety Technologies, Inc. (OTCBB: PSTX, OTCQB: PSTX) today announced that it has successfully implemented the SurgiCount Safety-Sponge® System across the Ochsner Health System.
Ochsner Health System is southeast Louisiana's largest non-profit, academic, multi-specialty, healthcare delivery system with eight hospitals and over 38 health centers in Louisiana. Ochsner has been named the Consumer Choice for Healthcare in New Orleans for 15 consecutive years and is the only Louisiana hospital recognized by U.S. News and World Report as a "Best Hospital" across seven specialty categories. A global medical and academic center, in 2010 Ochsner cared for more than 336,000 patients from 26 countries with nearly 2,400 Ochsner and community physicians and 12,500 employees.
"We are proud to add the Ochsner hospitals to our growing list of users and look forward to supporting their ongoing pursuit of being at the forefront of healthcare and technology," stated Brian E. Stewart, President and CEO of Patient Safety Technologies, Inc.
"We continually strive to improve the standard of care we can provide to our patients. After reviewing the evidence supporting the clinical efficacy and cost effectiveness of the SurgiCount system we were eager to get SurgiCount implemented in our hospitals," said Joseph Bisordi, M.D. the Executive Vice President and Chief Medical Officer of Ochsner Health Systems.
About Patient Safety Technologies, Inc. and SurgiCount Medical
Patient Safety Technologies, Inc., through its wholly-owned operating subsidiary SurgiCount Medical, Inc., provides the Safety-Sponge® System, a solution clinically proven to improve patient safety and reduce healthcare costs by helping eliminate one of the most common errors in surgery, retained surgical sponges. The Safety-Sponge® System is currently used in approximately 100 facilities across the U.S., including six of the 2011-2012 U.S. News and World Report Best Hospitals Honor Roll recipients, and there are over 130 additional hospitals under contract with the company with a pending implementation date scheduled. For more information, contact SurgiCount Medical, Inc. at (949) 387-2277 or visit www.surgicountmedical.com.
Forward Looking Statements
Statements in this press release regarding our business that are not historical facts are "forward-looking statements" (within the meaning of Section 21E of the Securities Exchange Act of 1934) that involve risks and uncertainties. Forward-looking statements reflect our management's current views with respect to future events and financial performance; however, you should not put undue reliance on these statements. When used, the words "anticipates," "believes," "expects," "intends," "future," and other similar expressions, without limitation, identify forward-looking statements. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. These factors and uncertainties include but are not limited to: the ability to successfully implement hospitals under contract but yet implemented, the early stage of adoption of our Safety-Sponge® System and the need to expand adoption of our Safety-Sponge® System; the impact on our future revenue and cash flows from the ordering patterns of our exclusive distributor Cardinal Health; our need for additional financing to support our business; our reliance on third-party manufacturers, some of whom are sole-source suppliers, and on our exclusive distributor; and any inability to successfully protect our intellectual property portfolio. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct.
Forward-looking statements can be affected by many other factors, including, those described in the "Business", "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Factors Affecting Future Results" sections of our Annual Report on Form 10-K for 2010, our Quarterly Reports on Form 10-Q and in our other public filings. These documents are available online through the SEC's website, www.sec.gov. Forward-looking statements are based on information presently available to senior management, and we have not assumed any duty to update any forward-looking statements.
|SOURCE SurgiCount Medical, Inc.|
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