logo
  Join        Login             Stock Quote

Alere (ALR) Buys Canada-Based Epocal

 February 06, 2013 12:11 PM


(By Balachander) Alere Inc. (NYSE: ALR), which makes health management products, announced the acquisition of Epocal Inc., a provider of technologies that support blood gas and electrolyte testing at the point of care.

Waltham, Massachusetts-based Alere paid roughly $166 million cash to acquire Ottawa, Canada-based Epocal. 

The consideration includes a $15 million payment for the achievement of first two financial milestones.

Further payments of up to $75.5 million could be triggered if milestones linked to the delivery of additional product offerings on the Epocal platform are achieved, the company said.

[Related -Cellcom Israel Ltd. (CEL) Is Worth Consideration For Its 16% Dividend Alone]

"Through its unique combination of novel diagnostic parameters and wireless-enabled technology, Epocal has set new standards in helping healthcare practitioners in critical settings deliver better patient outcomes, all the while establishing clinical efficiencies," said Alere CEO, Ron Zwanziger.

Alere's products and services focus on cardiology, infectious disease, toxicology and diabetes.

In May 2011 Alere assumed distribution and customer support for the epoc Blood Analysis System.

The stock, which has been trading in the 52-week range of $17.13 to $27.22, shed 0.55 percent to trade at $21.70 on Wednesday.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageLevel 3 Communications, Inc. (LVLT): A Good Time To Buy Says Macquarie

On a day Wall Street is struggling to advance, Level 3 Communications, Inc. (NYSE:LVLT) is having no such read on...

article imageAbercrombie & Fitch Co. (ANF) Q2 Earnings Preview: The Unkind Quarter

Abercrombie & Fitch Co. (NYSE:ANF) will be holding its second quarter 2014 earnings conference call for all read on...

article imageWorkday Inc. (WDAY) Q2 Earnings Preview: Built In Surprise

Workday Inc. (NYSE:WDAY) plans to announce its fiscal 2015 second quarter results after market close on read on...

article imageArcelorMittal SA (ADR)(MT): Steel Stocks about to Get Red Hot

For the second consecutive day, a major broker upgraded a steel company by advancing their recommendation read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

Bullish Player Picks Up Verizon Call Spread
More Articles on: Medical , Americas



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.