Awarepoint Announces Acquisition of PCTS

June 24, 2011
Awarepoint Corporation, a provider of real-time location system (RTLS) solutions for hospitals, today announced it has acquired Patient Care

Awarepoint Corporation, a provider of real-time location system (RTLS) solutions for hospitals, today announced it has acquired Patient Care Technology Systems (PCTS). The combined organization, which unites Awarepoint’s unmatched ZigBee based technology platform with PCTS’s software platform and clinical applications, provides the industry’s all-inclusive enterprise-wide RTLS solution. PCTS currently serves 60 hospitals, while Awarepoint is installed at 93 hospitals and manages 150,627 assets, by far the most assets under management by a single company.

Corporate headquarters will remain in San Diego and PCTS will continue to operate its Charlotte, N.C. office. The PCTS executive team will remain intact and report to Jay Deady, Awarepoint’s CEO. The majority of PCTS’s staff will also be maintained and Awarepoint’s board of directors will remain unchanged. Financial terms of the deal are not being disclosed.

The “new” Awarepoint is positioned to address many of the most pressing challenges hospitals are confronting during this period of transformational change in healthcare delivery. The company projects significantly accelerated domestic and international growth as existing hospital clients and prospects take advantage of Awarepoint’s easy-to-use ability to track, analyze, and optimize resource allocation and improved workflow efficiencies. This real-time data translates into actionable intelligence that identifies how to improve patient care and safety as well as financial and clinical operational performance.


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