TA acquires VC-Backed Alere Medical

TA Associates has acquired Alere Medical Inc., a Reno, Nev.-based provider of disease management services to group health plans. The deal is valued at $175 million, and was done in partnership with company management. Alere had raised around $96 million in VC funding since 1996, from firms like Flagship Ventures, Institutional Venture Partners, S.R. One Ltd., Cutlass Capital, Firemark Advisors, Nevada Ventures, Redpoint Ventures and Western Technology Investment. www.ta.com www.alere.com