Inverness Buys Again
Inverness continues the expansion of their product line with the acquisition of Florida based Quality Assured Services, Inc. (QAS). The purchase entailed a $12.5 million Inverness stock exchange plus $12.5 in cash.
QAS’s business is in prescription self-testing, which supports patients’ participation in their own healthcare. One product offered includes home-based monitoring of coagulation therapy. The business also extends to in-home patient services, point-of-care testing, and a distribution network. The company also supports patients seeking reimbursement assistance.
Also in the news describing Inverness’s growing expansion is completion of the company’s offer to purchase the outstanding Biosite shares.
Related stories:
- Inverness Bids on Biosite, Inc.
- Roche Bids on Ventana
- HealthSouth Sells Divisions
- Meditech Acquires Patient Care Technologies
- Quest Acquires AmeriPath
June 28, 2007 Related topics: Corporate Financials