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Patient Safety Technologies was incorporated in 1987. Beginning in 1987 and 2005, the company operated as an investment company registered pursuant to the Investment Company Act of 1940. In 1997, the board of directors determined it would be in the best interest of the company to elect to become a registered business development company. The company is engaged in the acquisition of controlling interests in companies and research and development of products and services focused on the health care and medical products field, particularly the patient safety market. The company s wholly owned operating subsidiaries include Ault Glazer Bodnar Capital Properties, Patient Safety Consulting Group, Surgicount Medical, Ault Glazer Bodnar Merchant Capital and Automotive Services Group. Patient Safety Technologies is located in Santa Monica, Calif.