Alere to sell BBI unit to Exponent Private Equity
Alere Inc. said Thursday that it has agreed to sell its BBI business to Exponent Private Equity LLP for approximately $164 million, including $47 million in contingent consideration. Alere also said that it has acquired US Diagnostics for $60 million cash. BBI provides products and services for the diagnostic, healthcare, research, defense and food industries. Huntsville, Alabama based US Diagnostics offers drug testing devices.
16 July 2015•3 mins read
