Inverness expands UK presence
This article was originally published in The Gray Sheet
Executive Summary
Inverness Medical Innovations acquires UK-based distributor of lab and point-of-care diagnostics Bio-Stat for $33.4 million. Announced Oct. 3, the deal includes up to $14.6 million in additional payments, based on Bio-Stat's 2007 financial performance. The acquisition is the latest in a series of Inverness deals aimed at building the firm's worldwide distribution capabilities (1"The Gray Sheet" Sept. 3, 2007, p. 9)