Alcohol Monitoring Systems to acquire PharmChem.

Alcohol Monitoring Systems, a provider of technology-enabled monitoring solutions, offered to acquire PharmChem, a drug testing products and services provider. Financial terms were not disclosed. "We conducted a robust process, had a number of interested parties and indications of interest, and are pleased that we were able to have PharmChem join with a company where the product's reach can be expanded, our customers better served, and our employees have more opportunity to grow. It is not every day that a deal is achieved that is a win for all stakeholders, but this is one of those days," Thompson Clark, PharmChem Interim CEO.