In the past two years, Inverness Medical Innovations has paid roughly a combined $500 million to buy five rapid point-of-care (POCT) diagnostic testing businesses, which now lie at the heart of its effort to expand in the POCT realm. The first and largest, the acquisition of Unilever PLC 's women's diagnostic health business Unipath Ltd. for $150 million in cash [See Deal], laid the ground work for four subsequent transactions and related financings, all aimed at making Inverness a world leader in women's health and pregnancy testing.
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