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Abbott acquires medical tests maker Alere for US$5.8 billion

Wednesday, February 3, 2016 - 05:50
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Mr White says that Alere helps Abbott offer customers the best and broadest diagnostics solutions

New York

ABBOTT said on Monday that it had agreed to acquire Alere for an expected US$5.8 billion to enhance its diagnostics business.

Alere, which had a market value of US$3.2 billion last Friday, makes "point of care" medical tests that can provide results in a matter of minutes