As previously disclosed, we received a U.S. Department of Justice criminal subpoena addressed to Alere Toxicology Services, Inc. on July 1, 2016 which seeks records related to Medicare, Medicaid and Tricare billings dating back to 2010 for specific patient samples tested at our Austin, Texas pain management laboratory and payments made to physicians.
On June 8, 2017 we were informed that the U.S. Department of Justice is closing this investigation without taking any action against the Company…
ABT is acquiring ALR for $51/sh in cash.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”