Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Alere Completes Epocal Purchase

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

On Wednesday, home health facilitator Alere (NYSE: ALR  ) announced that it has completed its purchase of blood gas and electrolyte tester Epocal, a deal first announced in 2009, but one that was made contingent upon Epocal hitting certain gross margin and other financial targets prior to October 31, 2014.

Epocal has since hit these targets, triggering Alere's obligation to purchase for $166 million in cash. Alere may be required to pay up to $75.5 million in additional payments in the future based on a clause linking additional payments to "the delivery of additional product offerings on the Epocal platform."

Alere shares closed down slightly yesterday in response to the news, but are on the rise today, up 1%, at $22.02.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2243588, ~/Articles/ArticleHandler.aspx, 11/25/2015 4:23:58 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated Moments ago Sponsored by:
DOW 17,813.39 1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASD 5,116.14 13.34 0.26%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/25/2015 4:00 PM
ALR $42.02 Up +0.85 +2.06%
Alere Inc. CAPS Rating: **