Summary: CRESSO Brands has acquired Any Lab Test Now and ARCpoint Labs, creating a large direct-access lab testing network in the U.S. to enhance community health and wellness nationwide.
Takeaways:
- Major Expansion in Lab Testing: CRESSO Brands’ acquisition of Any Lab Test Now and ARCpoint Labs positions the company as the largest direct-access lab testing group in the United States.
- Commitment to Community Health: The newly formed platform focuses on providing accessible health and wellness services, embodying CRESSO’s core values of improving the quality of life for communities.
- Revolutionizing Retail Healthcare: CRESSO Brands aims to transform the healthcare industry by offering innovative retail healthcare services and advanced technology solutions, such as the MyARCpoint Labs software program.
CRESSO Brands, a newly formed health and wellness platform, announced the addition of two successful franchise brands to its portfolio—Any Lab Test Now and ARCpoint Labs—with the goal of creating the largest direct-access lab testing group in the U.S., the company says.
Both franchise companies embody CRESSO’s core brand values by providing easy access to health and wellness services that improve the quality of life for communities nationwide, the company says.
“This is a very exciting time as we embark on a new venture with two of the most successful franchise brands in the healthcare sector, positioning ourselves as the largest direct access lab testing group in the United States,” says Rich Simeone, chairman of the Board of CRESSO Brands. “It’s amazing to see the difference these companies are making in the lives of people across the country by offering retail healthcare services that were previously impossible to obtain. Together, they will continue to revolutionize the healthcare industry.”
- Any Lab Test Now opened its first location in Metro Atlanta in 1992. Fifteen years later, the company began franchising, and today it boasts more than 230 franchise locations. Any Lab Test Now offers consumers direct access to thousands of lab tests, including general health and wellness, paternity, and HIV/STD testing.
- ARCpoint Labs began serving customers in 1998 in Greenville, South Carolina. It sold its first franchise in 2006, and today there are more than 130 locations across the country. ARCpoint Labs focuses on employer solutions, including drug testing, background checks, fingerprinting, and Employee Assistance Programs (EAP).
“CRESSO Brands is dedicated to revolutionizing health and wellness for both businesses and individuals,” says John Constantine, a member of the CRESSO Board of Directors. “We are achieving this vision through initiatives like the MyARCpoint Labs software program— a cutting-edge interface that enhances customer accessibility and optimizes franchise operations, setting a new standard in the industry.”
Further reading: Genetic Testing Technology Among Assets Acquired by Labcorp from Invitae
