IVC In Acquisition Discussions With Inverness

IVC Industries, Freehold, NJ, is in discussions with Inverness Medical Innovations (Innovations), Waltham, MA, for Innovations to acquire all of the outstanding stock of IVC. Innovations is a majority-owned subsidiary of Inverness Medical Technology (Inverness). Inverness has agreed to be acquired by Johnson & Johnson. As part of this pending acquisition, Inverness plans to restructure its operations so that its women’s health, nutritional supplements and clinical diagnostics businesses are held by Innovations. Innovations will then be split-off from Inverness as a separate, publicly owned company.