A compression stretch bandage formed from a hydrophillic foam having at least one layer of a stretchable, textile material attached to one side of the foam and a hemastasis agent attached to another side of the foam for activating the intrinsic arm of the hemostatic cascade of the healing process. The bandage may also include a silver material contained within the foam for reducing risk of infection. The bandage may be a flexible, stretchable, hydrophilic bandage that reduces the risk of infection at a wound by providing a moist environment that will aid in optimum release of silver ions into the wound.