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Alere (ALR) Affirms Receipt of DOJ Subpoena; Issues Commentary

July 28, 2016 6:11 AM EDT

Alere Inc. (NYSE: ALR) announced that it received a U.S. Department of Justice subpoena addressed to Alere Toxicology Services, Inc. on July 1, 2016. The subpoena seeks records related to Medicare, Medicaid and Tricare billings dating back to 2010 for patient samples tested at the Company's Austin, Texas pain management laboratory. The Company is fully cooperating with the investigation.

For the first nine months of 2015, Medicare, Medicaid and Tricare billings at the Austin pain management laboratory accounted for significantly less than 1% of Alere's total revenues.

Alere believes the matters to which the subpoena relates are not material.



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