The story
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.
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In 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.
On October 3, 2017, Abbott closed the Alere acquisition at the reduced price of $5.3 billion, making the surviving entity the market leader player in the $7 billion point-of-care diagnostic space within the broader $50 billion in-vitro diagnostics market with this takeover. With the acquisition of Alere, the company also obtain the subsidiary Arriva Medical, which is the largest mail-order diabetic supplier.
From Wikipedia’s article on Alere, shared under CC BY-SA 4.0.5