Water Street invested in Precision Dynamics Corporation (PDC) in 2007 when the company specialized in healthcare identification wristbands. Our team partnered with the founders and management team to execute a strategic plan that transformed PDC into a global leader in patient safety identification products. In 2009, our team helped PDC acquire TimeMed Labeling Systems, Inc. to expand into healthcare labeling systems. In 2010, Water Street initiated an industry-leading merger between PDC and The St. John Companies to create the world’s foremost provider of healthcare wristbands, specialty labels and identification solutions. The merger enabled PDC to offer the healthcare industry’s most comprehensive set of products and services to accurately identify patients, label clinical specimens, track medications and monitor treatments. Brady Corporation (NYSE: BRC), a world leader in a broad range of identification solutions, purchased PDC in 2012 to expand its presence into the healthcare market.