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Alere expands POC diabetes offering with Arriva buy

This article was originally published in Clinica

Executive Summary

IVD company Alere has bulked up its point-of-care (POC) diabetes offerings with the acquisition of Arriva Medical, a specialist in home delivery of diabetes testing supplies. The transaction, which is subject to working capital and other closing adjustments entails a $65m cash payment plus 806,452 restricted shares of Alere stock.

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