Inverness Medical Innovations (IMA) to Acquire Free & Clear, Inc

Inverness Medical Innovations, Inc. (NYSE: IMA), a global leader in enabling individuals to take charge of their health at home through the merger of rapid diagnostics and health management, announced that it has agreed to acquire Free & Clear, Inc. Headquartered in Seattle, Washington, Free & Clear specializes in evidence-based programs which address the four key modifiable health risks that contribute to chronic disease: tobacco use, poor nutrition, physical inactivity and stress. Free & Clear, which recognized $47.1 million in 2008 revenues, will be acquired by Inverness' Alere health management business through a merger transaction for $100 million cash and up to $30 million in future contingent payments based on 2010 revenues.