acquistions, Diagnostics, medtech

Yet Another Aquisition for Inverness

Rebecca Zacks 10/24/07

Inverness Medical Innovations (AMEX: IMA), a diagnostics maker in Waltham, MA, announced that it it will acquire Reno, NV’s Alere Medical, for $302 million. By my count that’s the ninth acquisition agreement Inverness has forged this year.