M&A Deal Summary

Alere Acquires Biosite

On May 17, 2007, Alere acquired healthcare services company Biosite

Acquisition Highlights
  • This is Alere’s 1st transaction in the Healthcare Services sector.
  • This is Alere’s 5th transaction in the United States.
  • This is Alere’s 2nd transaction in California.

M&A Deal Summary

Date 2007-05-17
Target Biosite
Sector Healthcare Services
Buyer(s) Alere
Deal Type Add-on Acquisition
Advisor(s) Goldman Sachs (Financial)
Cooley
Potter Anderson & Corroon (Legal)

Target

Biosite

San Diego, California, United States
Biosite, Inc. a leading provider of rapid diagnostics products and antibody development technologies.

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Buyer(S) 1

Buyer

Alere

Waltham, Massachusetts, United States

Category Company
Founded 1981
Sector Healthcare Services
Employees9,800
Revenue 2.6B USD (2014)
DESCRIPTION

Alere delivers reliable and actionable information through rapid diagnostic tests, resulting in better clinical and economic healthcare outcomes globally. Alere was founded in 1981 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 6 of 24
Sector: Healthcare Services M&A 1 of 6
Type: Add-on Acquisition M&A Deals 5 of 23
State: California M&A 2 of 7
Country: United States M&A 5 of 20
Year: 2007 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-24 ACON Laboratories

San Diego, California, United States

ACON Laboratories is a manufacturer and distributor of medical diagnostic rapid tests sold internationally under the ACON brand and for private label (OEM).

Buy $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-04 Cholestech

San Diego, California, United States

Cholestech Corporation manufactures and distributes diagnostic tools and point-of-care testing applications for immediate risk assessment and therapeutic monitoring of heart disease, inflammatory disorders, and diabetes.

Buy $326M