Alere completes sale of Alere Health

Alere Inc. (NYSE: ALR) today announced the completion of the previously announced sale of Alere Health and its subsidiaries, which provide leading condition management, case management, wellbeing, wellness and women's and children's health services to regional and local health plans, Fortune 500 employers and state governments, to Optum for $600 million in cash.

Alere intends to use the net proceeds from this transaction to reduce debt. The transaction also enables Alere to sharpen its strategic focus on enhancing leadership in the global rapid diagnostics market.

Source:

Alere Inc.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Alere Inc.. (2019, June 18). Alere completes sale of Alere Health. News-Medical. Retrieved on August 08, 2022 from https://www.news-medical.net/news/20150111/Alere-completes-sale-of-Alere-Health.aspx.

  • MLA

    Alere Inc.. "Alere completes sale of Alere Health". News-Medical. 08 August 2022. <https://www.news-medical.net/news/20150111/Alere-completes-sale-of-Alere-Health.aspx>.

  • Chicago

    Alere Inc.. "Alere completes sale of Alere Health". News-Medical. https://www.news-medical.net/news/20150111/Alere-completes-sale-of-Alere-Health.aspx. (accessed August 08, 2022).

  • Harvard

    Alere Inc.. 2019. Alere completes sale of Alere Health. News-Medical, viewed 08 August 2022, https://www.news-medical.net/news/20150111/Alere-completes-sale-of-Alere-Health.aspx.

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post
You might also like...
Alere doubles commitment to support OAFLA in eliminating mother-to-child transmission of HIV and EID