Precision Dynamics Corporation (PDC) has acquired TimeMed Labeling Systems. Water Street Healthcare Partners, a private equity firm and an investor in PDC, was instrumental in bringing the two companies together.

PDC will now offer hospitals a full range of wristbands and specialty labels that interface directly with their laboratory, pharmacy, and information systems to accurately identify and track patients and improve medication-dispensing safety.

PDC introduced the first barcode identification wristbands used by most hospitals today. It also pioneered the radio frequency identification wristband. TimeMed was founded after it designed the first self-adhesive tape and labeling products that help prevent the spread of contamination in healthcare settings.