EQT Partners and Public Sector Pension Investment Board backed-Cerba HealthCare, a network of medical biology laboratories, completed the acquisition of Lifebrain, an operator of routine and specialty laboratory testing business, from Investindustrial, a private equity firm, for $1.18bn. "This acquisition is obviously a milestone in the Company's growth strategy, with a significant impact for Cerba HealthCare Italia as it allows us to strengthen our unique positioning in the country, with a widespread presence in 17 of the 20 Italian regions. Everyone is showing a strong enthusiasm for the start of this joint work and it is an honour for me to accompany them in this ambitious venture and reach our best potential together," Stefano Massaro, Cerba HealthCare CEO.