Founders buy back Alere Analytics, rebrand as Persivia

May 27, 2015 By Fink Densford Leave a Comment

The husband-and-wife team that founded the company that eventually became Alere Analytics bought the business back and rebranded it as Persivia.

Financial terms were not disclosed.

Persivia CEO Mansoor and chief medical officer Dr. Fauzia Khan in 2012 sold DiagnosisOne to Alere, which the next year renamed it as Alere Analytics, before deciding to sell it off last year for $600 million.

Lowell, Mass.-based Persivia said it develops chronic care management systems that use a pool of patient data to improve risk stratification, drive earlier intervention and lower costs.

The acquisition adds Alere Analytics’ clinical decision support and chronic care management software to Persivia’s solution, according to a press release. Persivia will occupy the same office Alere Analytics has use since 2010, the company said.

"Managing costs, especially around chronic diseases, is a top priority as more healthcare organizations take on and share the burden of risk in today’s new financial model of value-based purchasing. Providers are at risk for a growing number of penalties from hospital-acquired infections, medication management and re-admissions to managing chronically ill patients and all quality measures associated with those activities. With the acquisition of Alere Analytics, from Alere Inc., Persivia is well positioned to help our customers meet these challenges head on," Mansoor Khan said in a press release.

In October 2014, Alere sold Alere Health to health-services provider Optum for $600 million to focus on its core rapid diagnostics business and lower its overall debt load.

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