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Quest Diagnostics Inc to Sell HemoCue Business to Radiometer Medical ApS

Monday, 25 Feb 2013 12:05am EST 

Quest Diagnostics Inc announced that it has signed a definitive agreement to sell its HemoCue diagnostic products business to Radiometer Medical ApS for a purchase price of approximately $300 million plus customary adjustments for cash balances. HemoCue develops, produces and markets hemoglobin, glucose and other point-of-care testing systems worldwide. The transaction is expected to be completed in March 2013. 

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