), a medical products company focused on integrating rapid
diagnostics with health management, has recently collaborated
with Virtua, one of New Jersey's largest health care
Virtua is already using Alere's Health Information Exchange
(HIE) and plans to further extend its alliance by using Alere's
Clinical Support solution to enhance patient support. The
platform is capable of identifying the gap in both preventive and
critical patient care allowing better decision-making for
physicians such as the kind of medical attention required for
individual patients. Both the companies are planning to display
the care coordination program at the Virtua Voorhees
In addition, Virtua will also include Alere's nurses as a part
of its care coordination team. It will integrate data from
Alere's care management solutions and personal health record into
its HIE platform to facilitate better collaboration between
patients, providers, and care managers.
Virtua will also set up 500 biometric monitoring devices in
patient's homes, which is capable of transferring vital health
data to the HIE, allowing nurses from Virtua as well as Alere to
immediately identify any detrimental event.
Massachusetts-based Alere caters to patient health by
providing diagnostic tools and services that increase patient
awareness for self-management. It has a wide portfolio of rapid
diagnostic and monitoring products to improve clinical outcomes.
The company aims to be the leader in rapid 'near-patient' or
point-of-care testing (POCT) or diagnostics. We believe that this
strategic partnership might provide some operating leverage to
However, Alere is plagued by margin pressure. The company has
been reporting losses for quite sometime. Its heavy reliance on
acquisitions has led to substantial indebtedness. Alere needs to
successfully integrate the acquired entities to avoid wastage of
Alere carries a Zacks Rank #4 (Sell). But
PLC Systems Inc.
), which carry a Zacks Rank #1 (Strong Buy), from the medical
devices industry are expected to do well.
ALERE INC (ALR): Free Stock Analysis Report
CYBERONICS INC (CYBX): Free Stock Analysis
NUVASIVE INC (NUVA): Free Stock Analysis
PLC SYSTEMS INC (PLCSF): Get Free Report
To read this article on Zacks.com click here.