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Safety Sponge Firm Gets More Capital


August 28, 2008

Patient Safety Technologies Inc., vendor of bar code technology to track surgical sponges, has raised $2.325 million in equity financing through a private placement.

The Temecula, Calif.-based company in early June announced a similar placement that raised $2.485 million. The vendor will use proceeds from the new financing round to expand its sales force.

The Safety-Sponge System from Patient Safety Technologies’ SurgiCount Medical subsidiary uses bar-coded surgical sponges and a portable scanner to inventory sponges and track those used during procedures.

More information is available at surgicountmedical.com.

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