ClearCount Medical Solutions, Inc.
Company Summary:
- ClearCount Medical Solutions offers patient safety solutions, including the SmartSponge System, a closed-loop sponge count reconciliation and detection solution, as well as the SmartWand-DTX, a radiofrequency identification-detection solution.
- On 31 December, 2013, ClearCount Medical Solutions and Patient Safety Technologies entered into a Patent Purchase and License Agreement pursuant to which ClearCount will sell and assign certain of its patents and license in exchange for an aggregate payment by the company.
- Resolved previous legal dispute regarding infringement of sales.
- Following the resolved litigation issue, Patient Safety Technologies announced a definitive agreement with Stryker to be acquired for a total transaction value of approximately $120 million.
- Healthios served as an strategic exclusive adviser to ClearCount Medical.
- This transaction highlights Healthios continued leadership as the "advisor of choice" to complete complex transactions based on shareholder interests.