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Inverness pays $99mm cash for drug tester Redwood

Executive Summary

In its tenth acquisition of 2007 (and the fifth-highest valued), Inverness Medical Innovations is acquiring Redwood Toxicology Laboratory, its long-time distribution partner for drugs-of-abuse tests, for $99mm in cash, paying roughly twice Redwood's 2007 revenues.
Deal Industry
  • Distributors
  • In Vitro Diagnostics
    • Saliva-based Testing
    • Urine-based Testing
  • Laboratory Testing Services
  • Services
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Cash
    • Full Acquisition

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