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PatientSafe Solutions, Inc. Closes $30 Million Financing
Date:2/8/2010

itals provide a last line of defense against preventable errors, including medication errors, hospital acquired infections and patient falls, at the point-of-care through clinician workflow optimization and patient engagement.

"We are excited about working with PatientSafe Solutions and supporting their strategy to improve patient safety. We are confident in the technology platform and management's ability to execute," commented D. Keith Grossman, Managing Director of TPG and new PatientSafe Board Member. Christopher W. Kersey, Managing Member of Camden Partners and new PatientSafe Board Member commented, "We have worked with Mr. Sweeney in the past and believe he has the right team in place to successfully deliver, once again. Patient safety is an issue for all hospitals and there is a sense of urgency to address it. We are excited to work with PatientSafe Solutions as the company moves to fill this gap in healthcare." Lisa M. Suennen, co-founder and Managing Member of Psilos and continuing PatientSafe Board Member said, "The PatientSafe team has superior domain expertise and understands how to deliver the right product for the market. Patient safety is a key component in delivering immediate improvements in quality care and cost reduction and the PatientTouch System is properly positioned to take advantage of this emerging need."

About PatientSafe Solutions, Inc.:

PatientSafe Solutions, Inc. designs hardware and software solutions to provide patient safety and improve patient, family, and nurse satisfaction in hospitals. PatientSafe is creating a virtual Cone of Protection(TM) around the patient. The Cone of Protection will enable continuous protection against potential medication errors, hospital acquired infections, and patient falls in the hospital. The Cone of Protection is delivered through a nurse handheld, a bedside p
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SOURCE PatientSafe Solutions, Inc.
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