Inverness gets healthy for $130 million in Free & Clear buyout
September 21, 2009 by MassDevice staff
The Waltham, Mass.-based diagnostics maker buys Seattle's Free & Clear, which provides programs aimed at improving health, for $100 million in cash and up to $30 million in revenue-pegged contingencies.
Inverness Medical Innovations Inc. agreed to acquire Free & Clear Inc., a Seattle-based health management firm, for $100 million in up-front cash and up to $30 million more pegged to 2010 revenues.
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