PDC and Standard Register Enter Agreement to Deliver on Growing Healthcare ID Needs
San Fernando, CA and Dayton, OH (July 29, 2010) --
Precision Dynamics Corporation (PDC) and Standard Register (NYSE:SR), both innovators in healthcare identification solutions, announced they have entered into an agreement that will enable them each to more fully address healthcare’s pressing needs for effective patient identification solutions throughout the continuum of care.
Under the agreement, the two companies will market each other’s wristbands and labels, and manufacture products for one another. The arrangement creates immediate supply chain efficiencies for both companies, while extending their product portfolios and enhancing customer service through expanded regional and internal sales teams. Longer term, the two hope to work together to develop a new generation of patient identification and labeling solutions.
“This agreement is a win for both companies and the healthcare market,” said Brad Cates, president of Standard Register’s Healthcare Business Unit. “It opens new avenues for our patient identification solutions, while giving us the means to more effectively respond to market demand and address the broad range of healthcare problems.”
"Our customers will immediately benefit from the combination of Standard Register and Precision Dynamics’ leading ID technologies and services, providing them with the best solutions to improve clinical outcomes," said Gary Hutchinson, president and CEO of Precision Dynamics. “Our agreement provides a great opportunity to help hospitals enhance patient safety through positive identification, a critical priority in the healthcare industry.”
About Precision Dynamics Corporation (PDC):
The Leading Provider of Positive ID and Positive Outcomes™
With more than 50 years of experience, Precision Dynamics provides accurate, reliable, and easy-to-use healthcare ID solutions that empower the flawless delivery of care and enhance outcomes across all major hospital functions.PDC products are used in all of the leading hospitals worldwide and comprise a comprehensive range of wristband and labeling systems that provide positive ID and positive clinical outcomes.
Precision Dynamics products meet important guidelines of the Joint Commission, World Healthcare Organization, FDA, AHA, and HIPAA. As the developer of the first single-piece patient wristband, the first bar code wristband system, and the first Smart Band® RFID wristband system, Precision Dynamics solutions are an integral part of some of the most successful patient safety initiatives. As an ISO 9001 certified company, Precision Dynamics follows a systematic, world-standard approach to ensure superior product design, manufacturing, and customer supper services. Precision Dynamics constantly thrives to better understand customer needs and measures performance through vehicles such as its Customer Council and Customer Survey Program. For more information, call 800.772.1122 or visit www.pdcorp.com/healthcare.
About Standard Register
Standard Register is a premier document services and workflow automation provider, trusted by healthcare, business and government to manage the critical documents they need to thrive in today's competitive climate. Employing nearly a century of industry expertise, Lean Six Sigma methodologies and leading technologies, the company helps organizations increase efficiency, reduce costs, mitigate risks, grow revenue and meet the challenges of a changing business landscape.
The Standard Register Healthcare Business Unit serves more than 3,100 hospitals and 100 of the nation's top integrated delivery networks (IDNs). It helps healthcare providers bridge the worlds of paper and electronic with document management and workflow automation solutions for patient identification and documentation, secure prescriptions, training, patient and marketing communications, as well as professional services and print supply chain services . More information is available at www.standardregister.com/healthcare.
Information included in the press releases is accurate as of the date of the release and can be subject to change.