Moody's rates Alere loan Ba3

Moody's Investors Service said it assigned a Ba3 rating to Alere, Inc.'s $200 million senior secured term loan B-2 add-on due 2017.

Moody's also affirmed the corporate family and probability of default ratings at B1.

The outlook is stable.

Moody's said that that proceeds, in combination with about $75 million of available cash, will be used for the acquisition of eScreen for roughly $270 million.

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