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Abbott closes deal on Alere

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Oct. 9, 2017Abbott successfully completed its purchase of Alere on Oct. 3. The deal originally began in February 2016, when the companies first announced the purchase agreement.

“Creating the world’s leading point-of-care business will help Abbott meet the growing demand for fast, accurate, and actionable information,” Brian Blaser, executive vice president of diagnostics products for Abbott, said in a statement. “Combined with Abbott’s existing point of care business and its leading hand-held platform, i-STAT, we now have the broadest point-of-care testing portfolio to help improve care for patients in more parts of the world.”

With the addition of Alere, Abbott has approximately $7 billion in diagnostics sales worldwide, including approximately $2.5 billion in point-of-care testing, according to a statement from Abbott.

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