S&P assigns Alere notes B-

Standard & Poor's said it assigned its B- subordinated debt rating to Alere Inc.'s $350 million senior subordinated notes due 2018, with a recovery rating of 6

The agency said it also affirmed its B+ corporate credit rating on Alere, and revised its outlook stable from positive.

"The ratings on Alere reflect the company's appetite for growth through acquisitions, the uncertain prospects of the health management business, and an 'aggressive' financial risk profile," explained credit analyst Arthur Wong.

Alere's broadening portfolio of professional diagnostic products partially offsets these concerns, the agency said.

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