At-home diagnostics firm LetsGetChecked introduced Tuesday it has accomplished the acquisition of BioIQ, an organization that works with employers and well being plans to supply lab testing, well being screening and vaccination providers.
As a part of the deal, which was first introduced in November final 12 months, BioIQ will function as a subsidiary of LetsGetChecked. The closing comes weeks after the corporate revealed plans to maneuver into the genomics area with the settlement to accumulate Veritas Genetics and Veritas Intercontinental.
WHY IT MATTERS
LetsGetChecked mentioned the deal will enhance its capability to supply its at-home testing providers to payers, employers and public well being companions.
“The way forward for healthcare is in offering high-quality at-home diagnostics and care that comprehensively serve a person’s well being wants all through their complete life,” Peter Foley, founder and CEO of LetsGetChecked, mentioned in an announcement.
“With this acquisition, LetsGetChecked positive factors a trusted companion with an in depth data base and a breadth of expertise in serving well being plans and employer markets to ship healthcare options at scale.”
THE LARGER TREND
LetsGetChecked accomplished a $150 million Collection D spherical in June 2021, bringing its complete elevate to greater than $260 million.
There are a selection of rivals within the at-home diagnostics area. EverlyWell, which is owned by dad or mum firm Everly Well being together with reproductive health-focused Natalist, introduced this week it might supply nutritional vitamins and dietary supplements, in addition to its at-home checks.
Cue Well being is greatest identified for its at-home molecular COVID-19 check, which it not too long ago submitted to the FDA for De Novo clearance. The check obtained emergency use authorization in March 2021.
Cue additionally plans to develop extra diagnostic choices suitable with its Cue Reader, together with checks for flu, RSV (respiratory syncytial virus), chlamydia, gonorrhea, fertility and being pregnant.
Labcorp, a conventional lab testing firm, can also be increasing its digital choices. In late April it introduced it was partnering with Getlabs for at-home pattern assortment. It launched its Labcorp OnDemand platform in February, the place customers can order checks and presumably gather samples at house.