Alfa Wassermann announces 2015 President’s Club winners
Alfa Wassermann Diagnostic Technologies (West Caldwell, NJ), announced its 2015 President’s Club winners. Business Development Managers Jennifer Kennedy of the West region, John Husted of the Midwest region, and Frank Pollock of the Mid-Atlantic region, have all received the President’s Club Award. President’s Club is the highest honor awarded to the top sales representatives in the 2015 calendar year.
Jennifer Kennedy
Court Square Capital Partners gains equity interest in NDC
Silver Oak Services Partners LLC (Evanston, IL) completed the sale of its equity interest in NDC (Nashville, TN) to Court Square Capital Partners (New York, NY), a private equity firm. NDC is a healthcare supply chain company and distributor of consumable medical supplies. It has more than 180 employees and operates distribution centers in Tennessee and Nevada. Details of the transaction were not disclosed.
Abbott to acquire Alere for $5.8B
Abbott (Abbott Park, IL) and Alere Inc (Waltham, MA) formed a definitive agreement whereby Abbott will acquire Alere. Under the terms of the agreement, Abbott will pay $56 per common share for a total expected equity value of $5.8 billion. The combined business will offer a broad point-of-care menu of infectious disease, molecular, cardiometabolic and toxicology testing, expanding Abbott’s platforms to include benchtop and rapid-strip tests. Upon completion of the transaction, Alere will become a subsidiary of Abbott. Alere’s net debt, currently $2.6 billion, will be assumed or refinanced by Abbott. The transaction has been approved by the boards of directors of Alere and Abbott and is subject to the approval of Alere shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals.
DUKAL Corp acquires select Albahealth products
DUKAL Corporation (Ronkonkoma, NY) acquired Albahealth LLC (Rockwood, TN) dressings. Under the agreement, DUKAL will own the Albahealth-branded product line to include Petrolatum Gauze, Oil Emulsion Dressings, Xeroform Gauze, and Packing Strips. DUKAL will retain the Albahealth brand name on the product line in the short term. Terms and financial details of the transaction were not released.