Clearcount Medical Solutions

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.

Transaction Overview

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.

Significance of the Transaction

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 Role

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Mergers & Acquisitions

Clearcount Medical Solutions

Has licensed various IP to

The undersigned acted as exclusive advisor to clearcount Medical Solutions