Alere sets Thursday call to launch $200 million term loan B-2

By Sara Rosenberg

New York, March 13 - Alere Inc. is scheduled to hold a conference call on Thursday to launch a $200 million term loan B-2, according to a market source.

Jefferies & Co., GE Capital Markets and Credit Suisse Securities (USA) LLC are the lead banks on the deal.

Proceeds will be used to fund the acquisition of eScreen Inc., an Overland Park, Kan.-based technology firm that specializes in toxicology screening and employee health products and services, for $270 million in cash.

The purchase price is subject to a customary working capital adjustment and follow-on contingent consideration of up to an additional $70 million.

Alere is a Waltham, Mass.-based provider of near-patient diagnosis, monitoring and health management to enable individuals to improve their health and quality of life at home.

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