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news.Inverness Medical Innovations has said that it has completed the acquisition of ParadigmHealth. The transaction was structured as an all cash deal, with a purchase price of approximately $230 million.
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The company is operating profitably and the past twelve months revenues were approximately $58.5 million.
ParadigmHealth, based in New Jersey, is a leading provider of innovative, consumer-centric decision support technologies and expert coaching to facilitate better health choices for acutely ill and clinically complex patients, including neonatal intensive care and oncology patients.