Alere
 |
|
| Public | |
| Traded as | : ALR |
| Industry | health care diagnostics |
| Founded | 1991 |
| Headquarters | Waltham, Massachusetts, United States |
|
Area served
|
Worldwide |
| Revenue | $2.39 billion (As of 2017[update]) |
| Website | www |
Alere Inc. is a global manufacturer of rapid point-of-care diagnostic tests. The company was founded in 2001 and is headquartered in Waltham, Massachusetts. As of January 2017, the company has a market capitalization of $3.47 billion with an enterprise value of $5.9 billion. The company was formerly known as Inverness Medical Innovations, Inc. and changed its name to Alere Inc. in 2010.
The company was founded in 1991 by Ron Zwanziger under the Name SelfCare, which went public in 1996. The company changed its name from SelfCare to Inverness Medical Technology (IMT) in 2000. One year later, it sold its diabetes business to Johnson & Johnson, and split off a new company called Inverness Medical Innovations. That company subsequently expanded its business by acquiring many companies, including Unipath, Clondiag, Ionian Technologies, TwistDx, Wampole Laboratories, Ostex International, Binax, Biosite, HemoSense, Cholestech, Redwood Toxicology, Concateno, BBI Holdings, eScreen, Standard Diagnostics, and hhh Axis-Shield.
In 2007, Alere entered into a joint venture, named Swiss Precision Diagnostics, with Procter & Gamble for the sales and marketing of its consumer diagnostics products.
In 2009, Alere won two awards in the 16th Annual National Health Information program, which recognizes the U.S.’s best consumer health information programs and materials.
In 2010, the company changed its name to Alere and began trading under the ticker ALR in NYSE.
In 2013, the company completed the acquisition of Epocal, Inc.
In July 2014 Ron Zwanziger resigned as CEO and COO Namal Nawana took over as interim CEO.
In September 2014, Zwanziger offered to take the company private for $3.82 billion.
In October 2014, the Board of Directors voted and instated Namal Nawana as the permanent CEO of Alere, Inc.
In early 2015, Alere divested its Alere Health management activities to Optum.
In February 2016, Abbott Laboratories announced it would acquire Alere Inc for $5.8 billion. However, in April, Abbott requested of Alere that this deal be terminated, a proposal rejected by Alere's board of directors.
Alere operates three business units focused on cardiometabolic, infectious disease, and toxicology testing. The company pioneers in manufacturing rapid point-of-care diagnostic tests and provides products to healthcare professionals and patients worldwide.
In 2004, the company launched the world's first digital pregnancy test under Clearblue® Digital Pregnancy Test.
In 2010, Alere launched the Alere CD4 analyser, the world’s first to provide absolute CD4 results at the Point of Care, making the management of HIV patients easier and more effective.
...
Wikipedia