Alere Inc. is a global diagnostic device and service provider. The company was founded in 2001 and is headquartered in Waltham, Massachusetts. As of March 2014, the company has a market capitalization of $3 billion with an enterprise value of $6.46 billion. The company was formerly known as Inverness Medical Innovation, Inc. and changed its name to Alere Inc. in 2010. In 2009, Alere won two awards in the 16th Annual National Health Information program, which recognizes the U.S.’s best consumer health information programs and materials.