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Alere Medical Named to Inc. 500; Company Ranks #64 on List of America's Fastest-Growing Companies.


RENO, Nev. -- Alere Medical Incorporated, the leader in care management and remote monitoring (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a  of patients with chronic conditions including heart failure, today announced that it has been named to Inc. Magazine's prestigious Inc. 500 list of the fastest-growing private companies in the nation.

"This is a tremendous honor for our company, to be included among the fastest-growing companies in the country," said Ronald Geraty, M.D., Alere's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We believe our home monitoring program is the best solution for positively influencing the health and lifestyle of individuals with chronic conditions like heart failure. As our client base continues to expand, more and more health plans are recognizing the value of our program."

Alere Medical was named to the Inc. 500 list for showing a 411% annual growth rate, with 2003 revenue of $17.6 million. Alere Medical was ranked #64 overall on the Inc. 500 list, and #6 within the list's Health sector.

"To sustain a compounded annual growth rate of over 400% for nearly five years requires management focus and dedication," said Robb Smith, General Partner of Nevada Ventures and member of Alere's Board of Directors. "We commend all of the members of the company on their spectacular performance. And it helps of course that Reno, with its talented employee base and exceptional quality of life, is a fantastic place to grow leading technology and healthcare companies."

The Alere Home Monitoring Program currently monitors more than 12,000 patients across the country daily, and more than 22,000 patients have participated. Alere has HMO/PPO, Medicare and Medicaid Medicare and Medicaid

U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care.
 contracts with clients including AmeriChoice Corporation, Blue Shield of California Blue Shield of California is a not-for-profit health insurance provider headquartered in San Francisco, California. An independent licensee of the Blue Cross and Blue Shield Association, Blue Shield of California is an incorporated, wholly owned subsidiary of California Physicians' , Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross.  of Florida, Center for Medicaid & Medicare Services, HealthPartners, HIP Health Plan of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, Humana, Inc., PacifiCare Health Systems PacifiCare Health Systems (former NYSE: PHS) was a Fortune 500 healthcare company based in Cypress, California. It was acquired by UnitedHealth Group (NYSE: UNH) in late 2005, which continues to market health plans under the PacifiCare name. , and Tufts Health Plan.

The Inc. 500 ranks privately held companies privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly.
 according to averaged year-over-year sales growth over the past four years. Inc. Magazine verifies all information using tax forms and audited financial statements from certified public accountants Certified Public Accountant (CPA)

An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state.
, and by conducting interviews with company officials.

About Alere Medical, Inc.

Alere Medical Incorporated is a leader in the development of technology and services that remotely monitor patients and provide physicians with information to enhance patient management. As the first company to monitor daily weights and symptoms reported by patients from their homes, Alere provides a unique combination of at-home monitoring, nursing assessment, and patient education. This connecting, caring, and empowering helps patients to be compliant with their treatment plan, while providing physicians with reports on weight and symptoms. The result is greatly reduced hospitalizations, substantial cost savings, and positive clinical outcomes. For more information, visit www.alere.com or call (775) 829-8885.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 28, 2004
Words:445
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