Announced
Financials
Tags
laboratory services
Private Equity
Domestic
Friendly
United States
Acquisition
Pending
Medical Services
Majority
Single Bidder
Private
Synopsis
Fulgent Genetics, a technology company that focuses on genetic testing to provide physicians with clinically actionable diagnostic information, agreed to acquire Inform Diagnostics, a provider of anatomic pathology services, from Avista Capital, a private equity firm, for $170m. “We have been impressed with the Inform Diagnostics team’s commitment to quality, turnaround time, and customer service, which we believe fits well with our priorities, culture, and focus at Fulgent. We expect to see an immediate contribution from Inform Diagnostics’ mature pathology business, while in the longer term we also believe there are numerous synergies across our organizations that will drive sustained momentum across Fulgent’s core testing business. We are excited about this opportunity to drive long-term shareholder value with this strategic acquisition," Ming Hsieh, Fulgent Chairman and CEO.
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