Rayno Dx And Tools: Abbott Buys Alere For $5.8B Expanding Point-Of-Care Diagnostics Platforms
February 01, 2016 at 21:42 PM EST
The acquisition is expected to be accretive to 2016 earnings and will boost EPS by 12-13 cents with tax savings of $500M by 2019. Following the deal Abbot Labs’ sales in the clinical diagnostics sector would exceed $7B.