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Inverness Completes Acquisition of Cholestech
Date:9/12/2007

are, resulting in an aggregate issuance of approximately 6,801,946 shares of Inverness common stock. Additionally, each option to purchase shares of Cholestech common stock outstanding prior to the completion of the acquisition has been converted into a right to acquire Inverness shares, at the same exchange ratio of .43642. Cholestech shares will cease trading at the close of business on September 12, 2007 and will be delisted from the Nasdaq.

About Inverness:

By developing new capabilities in near-patient diagnosis, monitoring and health management, Inverness Medical Innovations enables individuals to take charge of improving their health and quality of life. A global leader in rapid point-of-care diagnostics, Inverness' products, as well as its new product development efforts, focus on infectious disease, cardiology, oncology, drugs of abuse and women's health. Inverness is headquartered in Waltham, Massachusetts.

For additional information on Inverness Medical Innovations, please visit our website at http://www.invernessmedical.com.

This press release may contain forward-looking statements within the meaning of the federal securities laws. These statements reflect Inverness' current views with respect to future events and are based on management's current assumptions and information currently available. Actual results may differ materially due to numerous factors, including, without limitation, the demand for Cholestech's products, Inverness' ability to integrate Cholestech's business with its existing businesses and to recognize the anticipated benefits of the acquisition, including synergies and accretion, of the transaction; the risks and uncertainties described in Inverness' annual report on Form 10-K/A for the period ended December 31, 2006, and other factors identified from time to time in its periodic filings with the Securities and Exchange Commission. Inverness undertake
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SOURCE Inverness Medical Innovations, Inc.
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