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Announced

Completed

ProPhase Labs completed the acquisition of a New Jersey laboratory from Confucius Plaza Medical Laboratory.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

United States

laboratory

Medical Services

Acquisition

Completed

Majority

Single Bidder

medical testing equipment

Domestic

Friendly

Synopsis

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ProPhase Labs, a manufacturer of zinc gluconate glycine lozenges and homeopathic gum, completed the acquisition of a New Jersey laboratory from Confucius Plaza Medical Laboratory, a medical laboratory. Financial terms were not disclosed. "We spent six months evaluating the medical test lab business and searching for the right acquisition candidates to lead our entry into this industry. In Confucius Labs, we found the ideal opportunity for an East Coast-based CLIA accredited lab for Covid-19 and other medical testing capabilities," Ted Karkus, ProPhase CEO.

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