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New Deal


Announced

IQVIA to acquire the remaining 40% stake in Q2 Solutions from Quest Diagnostics for $760m.

Financials

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Transaction Value£552m
Consideration TypeCash
Capital Owned60%
Capital Bid For40%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Majority

Friendly

Pending

United States

clinical trial services

Single Bidder

Domestic

Biotechnology

Synopsis

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IQVIA, a provider of advanced analytics, technology solutions, and clinical research services, agreed to acquire the remaining 40% stake in Q2 Solutions, a clinical trial laboratory services, from Quest Diagnostics, a provider of diagnostic information services, for $760m. "We are proud of our contributions to the growth of Q2 Solutions, and are confident that IQVIA has the strategic vision and agility to lead Q2 Solutions on the next phase of its journey as a global leader in central lab services," Steve Rusckowski, Quest Diagnostics Chairman, CEO and President.

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