Diversified Medical Healthcare Acquires RapidRona, Expanding into the Home Wellness Market
GREENVILLE, S.C., July 14, 2021 /PRNewswire/ -- 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.
"We know that Covid-19, unfortunately, is something our population will continue to face," said Kevin Murdock, CEO and founder of Diversified Medical Healthcare. "As recent reports show that the new variants spread faster, cause more severe symptoms, and are causing a decrease in vaccine efficacy, the acquisition of RapidRona is our logical next step in providing necessary solutions for the future of COVID-19. We're proud to add at-home diagnostic and wellness testing to all that we offer at Diversified Medical Healthcare."
According to a recent Yale Medicine article, the Delta variant is spreading 50% faster than Alpha, which was 50% more contagious than the original strain of SARS-CoV-2. (1) Recent studies have shown the Pfizer vaccine only protects 64% of people against the Delta variant. In the study, "1,271 of 1,528 total new infections were fully vaccinated individuals as were 23 of 27 hospitalizations and 11 out of 17 cases of severe illness." (2)
There are a number of at-home COVID tests on the market, but in terms of accuracy, not all tests are equal. Most at-home tests for COVID-19 deliver antigen test results - a less accurate testing method than RT-PCR (reverse transcription polymerase chain reaction) tests. All RapidRona kits provide RT-PCR test results, the gold standard of COVID-19 diagnostics which delivers the most accurate results available. Because of the difference in accuracy, some countries around the world only accept incoming travelers who have taken a RT-PCR test with a negative result. This makes RapidRona the choice for at-home testing among travelers. Returning schools and businesses can also reduce viral transmission rates utilizing RapidRona's sample collection method designed for improved comfortablity, keeping testing easy and infected employees, students, and staff to a minimum.
Former CEO of Rapid Rona, Heather Mlodinow stated, "We are excited to see the technology platform in good hands advancing the consumer's ability to proactively direct their healthcare from home."
Diversified Medical Healthcare's subsidiaries have vastly impacted the nation's COVID-19 response and healthcare as a whole. Having processed over one million (1,000,000) COVID-19 tests, they've reached one of the highest testing capacities in the nation with the capability to process over 300,000 tests per day. They've also shifted production to add in-house manufacturing of COVID-19 testing kits and reagents to combat infrastructure limitations and make testing more accessible. Their highly complex laboratory also meets other critical healthcare needs with offerings like a first of its kind predictive genetic test for diabetes among a broad menu of other advanced diagnostics tests.
The acquisition of RapidRona by Diversified Medical Healthcare recently closed in the second quarter of this year. Another exciting announcement by Diversified Medical Healthcare is soon to follow.
For more information on Diversified Medical Healthcare, please visit www.divmedinc.com or call 866-521-7541.
Sources:
1) Katella, K., (2021, July 7). Yale Medicine. URL: https://www.yalemedicine.org/news/5-things-to-know-delta-variant-covid
2) Lieber, D. (2021, July 6) Wall Street Journal. URL: https://www.wsj.com/articles/pfizers-covid-19-vaccine-is-less-effective-against-delta-variant-israeli-data-show-11625572796\
ABOUT DIVERSIFIED MEDICAL HEALTHCARE
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
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