About Precision Diagnostics
Precision Diagnostics is a company based in San Diego (United States) founded in 2011 was acquired by BelHealth Investment Partners in May 2014.. The company has 358 employees as of December 31, 2021. Precision Diagnostics offers products and services including VerifID, NextGen, UpNEXT, and DDI. Precision Diagnostics operates in a competitive market with competitors including IntegenX, Ameritox, Abreos Biosciences, Psychemedics and American Bio Medica Corporation, among others.
- Headquarter San Diego, United States
- Employees 358 as on 31 Dec, 2021
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Precision Diagnostics
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$14.5 M (USD), Debt – Venture
Apr 01, 2015
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Investors
Monroe Capital
& 1 more
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Employee Count
358
as on Dec 31, 2021
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Acquired by
BelHealth Investment Partners
(May 01, 2014)
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Products & Services of Precision Diagnostics
Precision Diagnostics offers a comprehensive portfolio of products and services, including VerifID, NextGen, UpNEXT, and DDI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
DNA matching solution for accurate urine specimen identification.
LC-MS/MS technology for reliable drug level detection.
Virtual waiting room for streamlined patient visits.
Platform for identifying drug-to-drug interactions.
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Funding Insights of Precision Diagnostics
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Venture — $14.5M
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First Round
First Round
(01 Apr 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2015 | Amount | Debt – Venture - Precision Diagnostics | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Precision Diagnostics
Precision Diagnostics has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Monroe Capital and BelHealth Investment Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private debt financing is offered via specialized funds.
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Founded Year | Domain | Location | |
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Investment in healthcare businesses, focusing on services, products, and distribution.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Precision Diagnostics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Precision Diagnostics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Precision Diagnostics Comparisons
Competitors of Precision Diagnostics
Precision Diagnostics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IntegenX, Ameritox, Abreos Biosciences, Psychemedics and American Bio Medica Corporation, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Instruments for rapid human DNA identification are developed.
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| domain | founded_year | HQ Location |
Pain medication monitoring solutions are provided for US clinicians.
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| domain | founded_year | HQ Location |
Developing point-of-care tests for personalized dosing and counterfeit detection of biologic drugs
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| domain | founded_year | HQ Location |
Drug abuse detection services are provided through hair sample testing.
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| domain | founded_year | HQ Location |
Immunoassay test kits and POC devices are developed and manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Precision Diagnostics
Frequently Asked Questions about Precision Diagnostics
When was Precision Diagnostics founded?
Precision Diagnostics was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Precision Diagnostics located?
Precision Diagnostics is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
How many employees does Precision Diagnostics have?
As of Dec 31, 2021, the latest employee count at Precision Diagnostics is 358.
What does Precision Diagnostics do?
Precision Diagnostics, formerly known as Precision Toxicology, provides quantitative confirmation urine drug testing services that allow physicians to monitor patients on chronic opioid therapy. Its test panel technology tests for various prescription medications, as well as illicit drugs. Services include NextGen Precision Testing platform; Precision TBM, a Toxicology Benefit Management program to better manage the clinical drug testing benefit; SOF-Adhere , to detect the amount of the sofosbuvir metabolite in a patients urine sample and Oral fluid testing. It is a BelHealth portfolio company since April 2014.
Who are the top competitors of Precision Diagnostics?
Precision Diagnostics's top competitors include IntegenX, Psychemedics and Ameritox.
What products or services does Precision Diagnostics offer?
Precision Diagnostics offers VerifID, NextGen, UpNEXT, and DDI.
Who are Precision Diagnostics's investors?
Precision Diagnostics has 2 investors. Key investors include Monroe Capital, and BelHealth Investment Partners.
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