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.

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