Inverness Medical Innovations Acquires Matritech, Inc.

PR Newswire | December 13, 2007 | Copyright

WALTHAM, Mass., Dec. 13 /PRNewswire-FirstCall/ -- Inverness Medical Innovations, Inc. today announced that it has finalized its acquisition of Matritech . The deal was structured as an asset purchase under which a newly formed subsidiary of Inverness acquired substantially all of the assets of Matritech for aggregate consideration of 616,713 shares of Inverness common stock, valued at approximately $36 million. In addition, Inverness has agreed to pay Matritech up to $2 million of incremental consideration, in cash and/or Inverness common stock, conditioned on the ...

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