DALLAS, TEXAS : StockGuru announces that Patient Safety Technologies Inc. (OTCBB: PSTX) is in the StockGuru Spotlight. Patient Safety Technologies, Inc., through its wholly owned operating subsidiary SurgiCount Medical, Inc., provides the Safety-Sponge(TM) System, a system designed to increase the standards of patient care and reduce healthcare costs by preventing the occurrence of surgical sponges and other items from being left inside patients after surgery, one of the most common errors in surgery.
On Thursday, the company put out news announcing that it has signed a contract with Partners HealthCare and will be implementing its Safety-Sponge(TM) System at Brigham & Women's Hospital. "Brigham & Women's has a long tradition of innovation and leadership in establishing the highest quality of patient care. We are proud of the patient safety research we have done together and excited to add them to the growing list of users of our Safety-Sponge(TM) System," stated Steven H. Kane, President and CEO of Patient Safety Technologies. "Adding yet another institution known for establishing industry practices further strengthens our unique position to become the standard of care for addressing one of the most common errors in surgery," added Kane.
Shares for Patient Safety Technologies Inc. (OTCBB: PSTX) were down during the late afternoon of trading on Thursday and closed down five cents at closing.
To view our StockGuru Spotlight on Patient Safety Technologies Inc. (OTCBB: PSTX), please visit: http://www.stockguru.com
What is the StockGuru Spotlight? The StockGuru Spotlight features stocks that we expect some action in. Generally speaking we expect a strong showing in the market based on the market, our knowledge of the stock and the buzz in the markets. Many times these will be stocks that have big news out recently, there is fresh interest in getting the word out on these stocks or we hear a buzz in our day to day contacts on these stocks. If we think it is going to move or see action, we put it in the StockGuru Spotlight. If we are compensated for a stock in the Spotlight, it will be clearly disclosed within this Spotlight Announcement.
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