Inverness Completes Acquisition of ...( WALTHAM Mass. Sept. 12 /- Inverne...),Health

WALTHAM, Mass., Sept. 12 /PRNewswire-FirstCall/ -- Inverness Medical Innovations, Inc. (Amex: IMA), a leading manufacturer and marketer of rapid diagnostic products for the consumer and professional markets, announced today the successful completion of its acquisition of Cholestech Corporation (Nasdaq: CTEC). Inverness completed the acquisition through the merger of a wholly owned subsidiary with and into Cholestech, after Cholestech's shareholders approved the deal at a shareholder's meeting today. Cholestech is a leading provider of diagnostic tools and information for immediate risk assessment and therapeutic monitoring of heart disease and inflammatory disorders.

"The acquisition of Cholestech together with our recent and pending acquisitions, provides Inverness with the unique ability to assess cardiac risk, diagnose cardiac conditions and potentially monitor the condition and response to therapy of cardiac patients. The Cholestech LDX System is one of the most established and respected monitoring platforms available to physicians and patients and we believe that this added access to physicians' office laboratories will provide broad benefits for many Inverness and Biosite products," stated Ron Zwanziger, Chairman, President and Chief Executive Officer of Inverness. "We welcome Cholestech and its associates to the Inverness Medical family."

As a result of the merger, Cholestech stockholders received .43642 shares of Inverness common stock for each Cholestech sh
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