TeleTracking Technologies Experiences Record Growth
Summary
“The acquisition was an important part of our strategic growth plan,” commented Kirk Stephen, CFO and COO of TeleTracking “…providing a long-term channel partnership with their North American Acute and Health Care IT sales team, and a joint development agreement which allows us to expand the benefits of patient flow automation to the patient bedside with integration to Hill-Rom’s NaviCare® Nurse Call solutions.” In addition to NaviCare®, TeleTracking made a strategic technology-related acquisition with RadarFind, Corp., a North Carolina-based provider of cost-effective, real-time location systems (RTLS).TeleTracking interests also include its consulting division, Avanti Patient Flow Services, and its wholly owned subsidiary, RadarFind, a real-time location system provider.### Pittsburgh, PA, January 08, 2010 --( PR.com )-- TeleTracking Technologies, Inc., the market leader of patient flow automation solutions and services to the hospital market, experienced its eighth straight year of solid growth in 2009.It added more than 70 new hospital clients and strengthened its strategic base with key acquisitions and partnerships, including the NaviCare® Patient Flow division of Hill-Rom, the ‘sensor network-based’ real-time location system (RTLS) company RadarFind Corp., and the exclusive world-wide license for a specialized transfer center management application.“The acquisition was an important part of our strategic growth plan,” commented Kirk Stephen, CFO and COO of TeleTracking “…providing a long-term channel partnership with their North American Acute and Health Care IT sales team, and a joint development agreement which allows us to expand the benefits of patient flow automation to the patient bedside with integration to Hill-Rom’s NaviCare® Nurse Call solutions.”In addition to NaviCare®, TeleTracking made a strategic technology-related acquisition with RadarFind, Corp., a North Carolina-based provider of cost-effective, real-time location systems (RTLS).The tag can not only highlight the location of an IV pump or a specialty bed, but can also sense and provide alerts on other variables, such as the status or temperature of an item.”The uniqueness of RadarFind’s sensor network and smart tag technology will “…fundamentally change the RTLS industry and provide essentially an unlimited potential of information for even better patient flow.” said RadarFind President and COO, Mike Nelson.The transfer center software streamlines the information gathering and managing of the extensive, dispersed communication required to refer and accept a critically ill patient.