SeraCare completes buy of Boston Bio units
The USA'a SeraCare Life Sciences says it has completed the purchase ofthe diagnostics and research laboratories divisions of Boston Biomedica for $30 million in cash plus the assumption of certain liabilities.
The acquisition was financed through a $21 million loan under SeraCare's new credit facility, borrowings from certain subordinated lenders totaling $4 million and the private placement of $8.2 million (800,000 shares) of its common stock, the firm said.
Boston Biomedica's diagnostics unit and research laboratories division generated turnover of $12.1 million and $9.7 million, respectively, for 2003.
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