Alere Inc Announces Acquisition Of Epocal Inc.
Alere Inc announced that it has acquired Epocal, Inc., a provider of technologies that support blood gas and electrolyte testing at the point of care.Alere paid approximately $166 million cash to acquire Epocal, which includes a $15 million payment for the achievement of the first two financial milestones specified in the agreement. Additional 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.
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