Charlotte, NC; November 30, 2009 — DecisionPoint International, a global leader in M&A advisory services for middle-market technology companies, announced today that its client, National Diagnostics, Inc. (“NDI” or “Company”) has been acquired by HireRight, Inc. (“HireRight”). HireRight, an Altegrity company, is a leader in on-demand employment background and drug screening and NDI is a full-service provider of drug testing and physical exam services that has served U.S. and global employers of all sizes for almost 20 years.
“NDI’s deep expertise, full-service offering, and technology-driven approach mesh well with HireRight’s commitment to innovation, quality and customer satisfaction,” said Mike Petrullo, HireRight president and CEO. “We believe this strategic combination will further enhance our drug and health screening offering and deliver additional value and choice to our growing customer base.”
NDI, based in Charlotte, North Carolina, was founded in 1990 and manages a broad collection network located at more than 18,000 medical facilities across North America. Processing millions of transactions each year for its broad base of clients, NDI’s service offerings include comprehensive drug testing and physical examination services for regulated and non-regulated industries, Department of Transportation testing and compliance solutions, and review services provided by on-staff licensed professionals certified by the American Association of Medical Review Officers (AAMRO) and the American College of Occupational and Environmental Medicine (ACOEM). Phillip Greene, M.D., president, CEO, and founder of NDI, will report to Mr. Petrullo and will continue to manage the NDI business from NDI’s corporate headquarters in Charlotte. “We are pleased to join the HireRight team and this well-respected company,” said Dr. Greene. “This business combination will provide the resources, scale, and professional support required to further extend our service and solution offerings while maintaining the industry expertise, customer focus, and excellent service levels our customers have come to expect from us.”
“NDI’s technology-driven approach to the delivery of drug and health screening services in combination with HireRight’s service offerings, will provide incremental value to their collective customer bases”, said Tom Wilson, Managing Director at DecisionPoint.
Details of the transaction were not disclosed.
NDI services include Substance Abuse Testing, Medical Surveillance and Background Investigations. Founded in 1990, today NDI processes millions of transactions per year and serves over 10,000 clients in all 50 states, Canada, Central and South America, as well as Asia. For further information, visit www.NatlDiag.com.
HireRight is a leading provider of on-demand employment background screening, drug and health screening and employment eligibility solutions that help employers automate, manage and control screening and related programs. Many companies, including more than 25 percent of the Fortune 500, trust HireRight because the company delivers customer-focused solutions that provide greater efficiency and faster results. HireRight also provides pre-integrated employment screening services through enterprise e-recruiting solutions from top providers such as Oracle, Taleo, SAP, ADP/VirtualEdge, PeopleAdmin, HealthcareSource and HRsmart. HireRight is an Altegrity company, a global screening and security solutions company. HireRight worldwide headquarters are located in Irvine, Calif., with offices and affiliates around the globe. For further information, visit www.HireRight.com.
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Tom Wilson, Managing Director; (704) 248-1124; TWilson@DecisionPointINT.com.