Alere buys diabetes supply company for $65M
Medical diagnostics company Alere Inc. said Wednesday it will bought diabetes testing supply company Arriva Medical for $65 million.
Arriva provides diabetes testing supplies to people in their own homes. The company is based in Coral Springs, Fla., and Alere said it had about $21.5 million in revenue over the six months ended Oct. 31.
Alere stock fell 88 cents, or 3.8 percent, to $22.15 on Wednesday.