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You are here: Home / Press Release / Convergence Healthcare Advises Lumora in its sale to ERBA Diagnostics Mannheim

Convergence Healthcare Advises Lumora in its sale to ERBA Diagnostics Mannheim

September 15, 2015 by Convergence Healthcare Advisors

MANNHEIM, Germany–(BUSINESS WIRE)–ERBA Diagnostics Mannheim GmbH, a global in vitro diagnostics company, today announced it has completed the acquisition of Lumora, a provider of state-of-the-art molecular diagnostic products for the clinical and industrial markets. Financial terms were not disclosed.

The acquisition will see ERBA Diagnostics Mannheim add molecular diagnostics testing to its comprehensive suite of clinical testing products. ERBA Mannheim’s global network of direct sales and distribution, through its group companies in America, Europe, Russia, India and its knowledge of the emerging markets, will offer an excellent platform to Lumora to take its products for testing of hospital acquired infections, and HIV, respiratory disease, and other neglected diseases to a much larger market. Along with the specific diagnostic technologies, ERBA Diagnostics Mannheim will have the opportunity to further commercialise Lumora’s technologies such as BART and RapidMags. In addition, Lumora, has a number of ongoing commercial partnerships which will continue following the acquisition.

http://www.businesswire.com/news/home/20150915006123/en/ERBA-Diagnostics-Mannheim-Acquires-Lumora

Filed Under: Press Release Tagged With: ERBA Diagnostics Mannheim, Lumora

The principals of Convergence Healthcare Advisors LLC and Seven Hills Healthcare Advisors LLC are licensed investment banking agents, offering securities through M&A Securities Group, Inc., an unaffiliated broker-dealer. Member FINRA/SIPC. 4151 N. Mulberry Drive, Suite 252 Kansas City, MO 64116.

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