Android app on Google Play

Alere (ALR) Acquires Epocal in $241.5M deal

February 6, 2013 10:52 AM EST Send to a Friend
Alere Inc. (NYSE: ALR) has acquired Epocal, Inc., a provider of best-in-class technologies that support blood gas and electrolyte testing at the point of care.

In 2009, Alere entered into a definitive agreement with Epocal to acquire all of the company's issued and outstanding equity securities, contingent upon the achievement of gross margin and other financial milestones on or prior to October 31, 2014. After working capital and other adjustments made at closing, Alere paid approximately $166 million cash to acquire Epocal, which includes a $15 million payment for the achievement of the first two financial milestones specified in the agreement. Additional payments of up to $75.5 million could be triggered if milestones linked to the delivery of additional product offerings on the Epocal platform are achieved.




You May Also Be Interested In


Related Categories

Mergers and Acquisitions

Add Your Comment