A Look at Atherotech Diagnostics Lab
Atherotech Diagnostics Lab was a leading clinical reference laboratory based in Birmingham, Alabama. The company specialized in cardiometabolic testing and disease management solutions. Through our proprietary technologies, they delivered comprehensive and cost-effective diagnostics and testing, dedicated service, as well as consulting and education to healthcare providers and patients. Their primary motivation was to help healthcare professionals more accurately assess cardiovascular health and employ effective and personalized treatment strategies to improve patient health outcomes. As part of their commitment to patients, they proudly offered the VAP+ (Vertical Auto Profile) Lipid Panel, which was the most accurate and comprehensive lipid profile available to assess cardiometabolic risk factors.
Closure of the Company
In February of 2016, the company permanently closed. The CEO broke the news with the following letter:
Dear Friends of Atherotech,
We regret to inform you that Atherotech will be closing permanently on February , 2016. As a result, effective immediately, we will no longer be accepting samples or performing tests.
Over the last few years, Atherotech has worked hard to overcome numerous business challenges that resulted from adverse changes in the regulatory environment, increased pressure from commercial insurance payors and continued compression of profit margins. During this period, the Company’s management team and Board of Directors have worked tirelessly to restructure the business in a constructive manner that would allow us to continue providing service to the thousands of patients and physicians who rely on us to diagnose and assess cardiovascular risk each day. Every step of the way, the dedication of our employees has been an inspiration.
Unfortunately, despite our best efforts and the willingness of several parties to take difficult steps to overcome our challenges, we have been unsuccessful in convincing our lenders to cooperate so that we can extend the financing necessary to allow us to continue operations. As a result, we are now forced to close permanently.
We thank you all for being part of the Atherotech story and appreciate your steadfast support of our Company during the past 20 years.
Chief Executive Officer