RadarFind, a Morrisville company that sells wireless technology to help hospitals keep tabs on medical equipment and patients, has been acquired by a Pittsburgh corporation.
RadarFind is now a subsidiary of TeleTracking Technologies, which helps more than 800 hospitals cut costs by improving the flow of patients.
Founded in 2003, RadarFind has installed its Real Time Location System in seven hospitals. WakeMed's Cary hospital has been using the system since April.
TeleTracking will use its marketing team to sell RadarFind products to a bigger customer base, said Mike Nelson, who is now president of TeleTracking's RadarFind division.
TeleTracking plans to keep RadarFind's manufacturing and customer-support operations in Morrisville and most of RadarFind's 24 employees. Terms of the deal weren't disclosed.
RadarFind CEO William "Terry" Kane has stepped down, but will continue providing consulting assistance for now, Nelson said.