Precision Dynamics pulls in $75M for patient-ID wristbands
Precision Dynamics, a San Fernando, Calif., developer of patient-identification wristbands, raised $75 million (PDF link) from Water Street Healthcare Partners.
The 50-year-old company focuses primarily on patient-safety systems designed to prevent medical errors, including wristbands that identify patients by bar codes or by radio signals. The company also makes wristbands that identify prisoners for law enforcement or event patrons for leisure and recreational activities.
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About the Author, David P. Hamilton
David Hamilton has been writing for VentureBeat LifeScience since April 2007. He formerly spent 14 years as a reporter for the Wall Street Journal in its San Francisco and Tokyo bureaus. Prior to that, he spent several years as a reporter at Science Magazine and as a reporter/researcher for the New Republic, both in Washington.