Hycor Purchases Autoimmune Test Maker
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Hycor Biomedical Inc. said Monday that it has acquired Cogent Diagnostics Inc., a Scotland-based maker of medical testing kits, for about $3 million in cash and notes.
Hycor said it plans to integrate Cogent’s line of 28 testing products with its own Hy-Tec 288 system scheduled for release in the fourth quarter.
Cogent Diagnostics, which had revenue of $1.4 million last year, develops, makes and sells test kits for the diagnosis of autoimmune diseases.
Hycor Biomedical develops, produces and markets medical diagnostic products. Hycor had sales of about $20.1 million in 1996.
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