Dayton, Ohio & San Fernando, Calif. - Standard Register and Precision Dynamics Corporation (PDC), 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."