Patient Safety Technologies Reports More Hospitals Using SurgiCount Safety Sponge

Patient Safety Technologies  Inc. announced financial results for its second quarter of 2011 ended June 30, 2011.


Financial Highlights
During the second quarter of 2011, the number of institutions using the Company's SurgiCount Safety-Sponge® System surpassed 70. This compares to approximately 52 institutions using the solution at the end of the second quarter of 2010.
Total revenue for the quarter ended June 30, 2011 was $2.6 million, which included $0.5 million of revenue from the delivery to the Company's exclusive distributor as part of a $10.0 million inventory stocking order.  Excluding the effect of this inventory stocking order, revenue for the quarter ended June 30, 2011 was $2.1 million.  This compares with total revenue for the quarter ended June 30, 2010 of $3.8 million, which included $2.3 million of revenue from the delivery under the same $10 million inventory stocking order.  Excluding the effect of this inventory stocking order, revenue for the second quarter of 2010 would have been $1.4 million.  Accordingly, excluding the effects of this inventory stocking order, revenue for the three months ended June 30, 2011 of $2.1 million represents approximately 50% growth over the $1.4 million generated for the three months ended June 30, 2010.

This growth in revenue excluding the effects of the stocking order is primarily the result of the significant growth in the number of hospitals using the Safety-Sponge® System at the end of the second quarter of 2011 as compared to the second quarter of 2010.  Additionally, during the second quarter 2011, the Company successfully completed the delivery of the last of the $10.0 million stocking order.

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 proven to improve patient safety and reduce healthcare costs by preventing one of the most common errors in surgery, retained foreign objects.  For more information, contact SurgiCount Medical, Inc. at (949) 387-2277 or visit www.surgicountmedical.com.

For more information on patient safety and avoiding retained surgical instrument errors please visit Patient Safety & Quality Healthcare

AORN Releases Learning Module to Prevent Retained Surgical Items

The Association of periOperative Registered Nurses has  released the AORN Retained Surgical Items Confidence-Based Learning Module(CBL).Preventing retained surgical items is a key patient safety focus in the perioperative setting because any surgical item left in a patient, whether it's a sponge, towel, instrument fragment or other surgical item, can lead to complications with the patient's recovery. The prevention of retained surgical items requires the  coordination of every member of the perioperative team.

The development of the CBL was made possible by an educational grant from Medline Industries, Inc. and ClearCount Medical Solutions, Inc. to the AORN Foundation. In addition, the companies will fund free access to the module for the first 500 registrants.

The RSI learning module is designed for directors, managers, educators, staff nurses and other personnel working in traditional operating rooms, ambulatory surgery centers, physicians' offices, cardiac catheterization laboratories, endoscopy suites, radiology departments and other areas where surgery and other invasive procedures are performed.

About ClearCount Medical Solutions
ClearCount Medical Solutions is a medical device company focused on patient safety solutions. ClearCount has assembled an extendable RFID-based platform that provides a comprehensive solution to improve efficiency while preventing medical errors. ClearCount Medical Solutions has been recognized with a Popular Science 2009 Best of What's New Award, and has received additional recognition from TIME and WIRED magazines, the 2009 Wall Street Journal Technology Innovation Award, the International Design Excellence Award (IDEA) and more. ClearCount's SmartSponge and SmartWand-DTX systems are the first RFID enabled systems for counting and detecting surgical sponges, thereby improving patient and OR safety, enhancing productivity, and reducing cost. To learn more, visit www.clearcount.com.

About Medline Industries, Inc.
Medline, the nation's largest privately held manufacturer and distributor of healthcare products, manufactures and distributes more than 100,000 products to hospitals, extended-care facilities, surgery centers, home care dealers and agencies. Headquartered in Mundelein, Ill., Medline has more than 900 dedicated sales representatives nationwide to support its broad product line and cost management services. To learn more, visit www.medline.co