Precision Dynamics Corporation (PDC, San Fernando, Calif.), a provider of healthcare identification solutions, has acquired Burr Ridge, Ill.-based
TimeMed Labeling Systems, Inc., a national producer of specialty healthcare labels. The deal was orchestrated by
Water Street Healthcare Partners (Chicago), a private equity firm focused exclusively on the healthcare industry and an investor in PDC.
Through the acquisition, PDC will offer hospitals a full range of wristbands and specialty labels that interface directly with their laboratory, pharmacy and information technology systems to accurately identify and track patients, enhance communications between caregivers, and improve the safety of dispensing medications, it says.