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Coagulation
Inverness Medical Innovations Acquires Home Coagulation Service Provider, Quality Assured Services, Inc.
July 5th, 2007
Inverness Medical Innovations, Inc. (AMEX:IMA) a leading manufacturer and marketer of rapid diagnostic products for the consumer and professional markets, announced that it has acquired Quality Assured Services, Inc. (QAS) a Florida based, privately held provider of diagnostic home tests and services to the US marketplace, for an initial payment of $12.5 million cash and $12.5 million in Inverness stock. The acquisition of QAS, provides Inverness with an established in-home patient service and distribution network, and a leadership position in the prescription self-testing market, especially in coagulation monitoring. Commenting on the deal, Ron Zwanziger, Chairman and CEO...
Source: Blood Weekly (2007-07-05)
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