Health management company Inverness Medical Innovations, Waltham, Mass., has agreed to acquire ParadigmHealth, Upper Saddle River, N.J., a disease management provider for approximately $230 million.
Inverness officials said in a news release that the acquisition will give the company a significant step in our strategy to become a leader in disease and health management services. ParadigmHealth has been operating profitably, generating revenues of approximately $60 million in the past 12 months, officials said. -- by Cinda Becker
What do you think? Post a comment on this article and share your opinion with other readers. Submit your letter to Modern Healthcare Online at [email protected]. Please be sure to include your hometown and state, along with your organization and title.