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New Deal


Announced

Completed

Medicover completed the acquisition of a 68.3% stake in NIPD Genetics for $51m.

Financials

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Transaction Value£37m
Consideration TypeCash
Capital Owned19%
Capital Bid For68%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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biotechnology company

Single Bidder

Completed

Acquisition

Cyprus

Majority

Biotechnology

Cross Border

Private

Friendly

Synopsis

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Medicover, a specialised provider of diagnostic and healthcare services, completed the acquisition of a 68.3% stake in NIPD Genetics, a European biotechnology company, for $51m. “NIPD’s proprietary technology platform together with their experienced expert team and Medicover Genetics state-of-the art diagnostics will take us one step closer to become an international market leader in genetic diagnostics”, Fredrik Rågmark, Medicover CEO.

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