PITTSBURGH, P.A. and MORRISVILLE, N.C. – TeleTracking Technologies Inc. has acquired real time location system company RadarFind.
Financial details of the transaction were not disclosed.
Effective immediately, RadarFind will function as a wholly-owned subsidiary of TeleTracking and continue operating their manufacturing, implementation and customer support services from their Morrisville, North Carolina facility.
TeleTracking says the acquisition will allow it to to deliver a truly automatic, enterprise-wide patient flow system to the U.S. hospital market.
“As the pioneer of patient flow automation our mission has been to continually improve upon our time-tested, proven approach to manage real-time patient flow actions which help clients provide more timely care and reduce wait times,” said TeleTracking CEO Anthony Sanzo.
”Progressive new technologies, especially like those of RadarFind, now allow us to confidently incorporate RTLS for more precise tracking visibility of patients and beds on our enterprise-class platform called TeleTracking XT.”
The patented RadarFind system includes active RFID (Radio Frequency Identification) tags designed for various mobile medical equipment, patients and staff.
These tags communicate with reader devices that easily plug into electrical outlets, avoiding the installation disruption prevalent with other types of radio frequency tracking systems. The readers capture location and other sensor data, i.e., status, temperature, etc., and then send that information to a central computer server for complex processing and reporting.
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