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New Deal


Announced

Completed

Labcorp completed the acquisition of Personal Genome Diagnostics for $575m.

Financials

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Transaction Value£425m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

Single Bidder

Majority

United States

biotechnology

genomics

Acquisition

Biotechnology

Domestic

Completed

testing inspection and certification

Synopsis

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Labcorp, a global life sciences company, completed the acquisition of Personal Genome Diagnostics, a developer of cancer genome testing products, for $575m. “Labcorp’s leadership and scale in diagnostic testing and drug development, coupled with PGDx’s innovative technology and suite of capabilities, will accelerate access to personalized treatments for cancer patients globally. PGDx’s comprehensive portfolio of next-generation sequencing products will meaningfully add to our breadth of capabilities, in line with our strategic priority to lead in oncology. PGDx’s technology is well positioned in an important segment with strong growth prospects. We look forward to welcoming PGDx’s talented team and working together to bring world-class diagnostics, technology and treatments within reach for all," Adam Schechter, Labcorp Chairman and CEO.

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