Inverness Medical Innovations has acquired Alere Medical, Inc.

Covington Associates has acted as advisor to Inverness Medical Innovations, Inc. (AMEX: IMA) in its agreement to acquire Alere Medical, Inc., a leading provider of health and care management services helping patients with chronic illnesses manage their conditions through a unique combination of at-home monitoring, patient education, and nurse-patient relationships. The purchase price is $302 million, comprising approximately $125 million in cash and $177 million in Inverness common stock. This is the fifth transaction Covington has advised Inverness on in 2007.