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Diversified Medical Healthcare Acquires Rapidrona, Expanding Into The Home Wellness Market

Jul 15, 2021•over 4 years ago

Acquiring Company

Diversified Medical Healthcare

Acquired Company

RapidRona

Description

Diversified Medical Healthcare (DMH), a conglomerate of four innovative healthcare companies specializing in advanced molecular diagnostics, medical supplies, and cutting edge laboratory equipment, has acquired RapidRona, making its foray into the home wellness testing market. RapidRona, which received Emergency Use Authorization (EUA) in December of 2020, was developed as a solution to diagnostic test capacity shortages during the pandemic. The home test provides the most accurate and easy at-home testing for COVID-19 diagnostics. With a smart network of CLIA certified laboratories throughout the US, results are guaranteed to be delivered straight to the patient – consumer in 48 hours or less.

Company Information

Company

Diversified Medical Healthcare

About

Diversified Medical Healthcare (DMH), a holding company with four subsidiary healthcare companies, Premier Medical Laboratory Services (PMLS), CPT Medical, OnGen, and Vessel Medical. PMLS is an advanced molecular diagnostics lab fully certified by top laboratory accrediting organizations, including Clinical Laboratory Improvement Amendments (CLIA) and COLA. PMLS testing menu includes Pharmacogenomics, COVID-19 testing, Advanced Cardiovascular Testing, Diabetes, Women's Wellness panels, Allergen Specific Ige Blood Testing, Toxicology, and a first of its kind predictive genetic test for type II diabetes, DiabetestPredict. CPT Medical, Inc. has manufactured surgical custom and standard procedure trays, packs, and kits assembled to fit specific needs and requirements for over 15 years. Now, CPT Medical also manufactures and distributes COVID-19 testing kits with the FDA recommended viral transport medium as well as nuclease free water for laboratories. OnGen is an advanced Laboratory Information System that automates laboratory processes for higher efficiency, accuracy, and profitability. Vessel Medical, since its inception in 1991, has been committed to providing physician's offices, hospitals, laboratories and their employees with the right workflow solutions, medical supplies, and medical equipment for their needs. Included in their medical equipment offerings is 'Lab in a Box,' turnkey laboratory equipment that can turn a 600 sq. ft. room into a COVID-19 testing facility with the capacity to process up to 12,000 tests per day within 24 hours. For more information, please visit www.divmedinc.com or call 866-521-7541. SOURCE Diversified Medical Healthcare

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed