Massachusetts-based device maker Alere (NYSE:ALR) said in its quarterly earnings call that it’ll shed some of its business units in order to reorganize in the wake of a missed quarter.
The company said this month that it’s examining some of its divisions for divestiture, saying that Alere has spread itself too thin.
“Operating so broadly has caused diffuse resource allocation that has ultimately hindered financial performance,” COO and interim CEO Namal Nawana said during the company’s recent conference call with analysts.
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