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Article: Inverness Medical Innovations Completes Acquisition of Free & Clear, Inc.
- Article from:
- PR Newswire
- Article date:
- September 28, 2009
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WALTHAM, Mass., Sept. 28 /PRNewswire-FirstCall/ -- Inverness Medical Innovations, Inc. , a global leader in enabling individuals to take charge of their health at home through the merger of rapid diagnostics and health management, announced today that it has completed its previously announced acquisition of Free & Clear, Inc. for approximately $100 million in cash, net of cash acquired, and up to $30 million in future contingent payments based on 2010 revenues and EBITDA margin. Free & Clear, which was acquired by Inverness' Alere health management business, provides innovative web-based learning and phone-based cognitive behavioral coaching to help employers, health ...