Fisher Scientific International Inc. To Acquire Athena Diagnostics For $283 Million And Purchases 9% Of Nanogen

HAMPTON, N.H.--(BUSINESS WIRE)--March 16, 2006--Fisher Scientific International Inc. (NYSE: FSH) announced two transactions that will significantly enhance its capabilities in molecular diagnostics. Fisher has entered into a definitive agreement to acquire privately held Athena Diagnostics, Inc., a leading developer and provider of proprietary molecular diagnostic and immunodiagnostic tests and services, from Behrman Capital for $283 million in cash. Athena has an extensive portfolio of proprietary neurologic, nephrologic and endocrine diagnostic tests targeting such diseases as neurogenetic and neuromuscular disorders as well as Alzheimer's disease, multiple sclerosis, obesity, kidney disease and diabetes. The company had 2005 net revenues of $55 million.
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