December 20, 2007 / 11:04 PM / 10 years ago

Inverness to acquire distributor for $99 mln

Dec 20 (Reuters) - Inverness Medical Innovations Inc IMA.A said it will acquire Redwood Toxicology Laboratory, a privately held forensic drug testing facility and Inverness distributor, for $99 million in cash to enhance its drugs-of-abuse testing business.

Santa Rosa, California-based Redwood distributes drug diagnostic products that are used in the workplace, criminal justice and other testing markets, Inverness said in a statement. (Reporting by John Tilak in Bangalore)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below