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New Deal


Announced

Quest Diagnostics to acquire Labtech Diagnostics.

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

Majority

Friendly

Acquisition

United States

Domestic

laboratory services

diagnostic equipment

Pending

Single Bidder

Health Care Services

Synopsis

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Quest Diagnostics, a provider of diagnostic information services, agreed to acquire Labtech Diagnostics, an independent clinical diagnostic laboratory provider serving physicians and patients. Financial terms were not disclosed. "Our acquisition of Labtech Diagnostics delivers on our Accelerate growth strategy in the Southeast and vision of a healthier world. Establishing a laboratory in South Carolina will enable us to provide diagnostic insights empowering affordable care to more patients and providers while building on our growth aims in the region," Steve Rusckowski, Quest Diagnostics Chairman, CEO and President.

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