Patient Safety Technologies owns the proprietary Safety-Sponge System and SurgiCount 360 compliance software to prevent retained foreign objects in the operating room. The company’s actual revenue for nine months of 2013 was $14.9 million.
The transaction is expected to close in the first quarter of 2014 and is subject to customary approval by stockholders.
More Articles on Devices:
Boston Scientific Looks to Expand Chinese Presence
5 Recent Spine & Orthopedic Device Company Expansions & Agreements
Trauma Fixation Market Has Room to Grow
