TA Completes Alere Medical Sale

TA Associates has completed its sale of Alere Medical Inc., a Reno, Nev.-based provider of disease management services to group health plans, to Inverness Medical Innovations (AMEX: IMA). The deal was valued at $302 million, including $125 million in cash and $177 million in Inverness common stock. It came just six months after TA acquired Alere for $175 million from a syndicate of venture capital firms. www.ta.com