Alere Said to Seek $200 Million Loan for eScreen Acquisition

Alere Inc. (ALR), a provider of health management services, will hold a lender meeting tomorrow to discuss a $200 million term loan the company is seeking to support its acquisition of eScreen Inc., according to a person with knowledge of the transaction.

Jefferies Group Inc. is arranging the financing for the Waltham, Massachusetts-based company, said the person, who declined to be identified because the terms are private.

Alere has agreed to acquire the Overland Park, Kansas-based provider of employee-related health testing products and services for $270 million in cash, according to a Feb. 28 statement.

David Teitel, chief financial officer of Alere, didn’t immediately respond to an e-mail seeking comment.

In a revolving credit facility, money can be borrowed again once it’s repaid; in a term loan it can’t.

To contact the reporter on this story: Michael Amato in New York at

To contact the editor responsible for this story: Faris Khan at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.