Drug testing specialist in strategic alliance

WORKPLACE DRUG AND ALCOHOL testing specialist The Drug Detection Agency (TDDA) has entered a strategic partnership with New Zealand private healthcare provider Healthcare Holdings (HHL).

The two companies say that the partnership enables TDDA to access assets, relationships, expertise and capital.

They say that it will allow the company to grow its business, including new opportunities, while further developing its health and wellbeing portfolio and improve its Health Tick operations.

Healthcare Holdings MD Andrew Wong says TDDA’s market leadership in drug and alcohol testing and education – operating nearly 100 mobile testing vans and 65 sterile locations across NZ and Australia – “is very appealing to us.

“Its clients are broad, revenues secure and we see significant potential for growth by adding HHL’s healthcare capabilities to TDDA’s businesses.

“HHL is an established medical provider, known for quality medical care, facilities and importantly, people,” says TDDA CEO Kirk Hardy.

“While HHL’s diagnostic capabilities will improve what we do at TDDA, the company’s medical expertise, particularly around medical screenings and health checkups are just what we need to grow the Health Tick business. Taking a holistic view of health and wellbeing, not just screening people for drugs and alcohol, is the future of this company.”

TDDA’s management team will remain in their current roles, with Hardy, COO Glenn Dobson and group technical manager Rod Dale also remaining shareholders.

Both TDDA and Health Tick will continue to trade under their existing brands. TDDA’s board has changed to support the new strategic direction of providing more holistic health and safety services and products.

T&D