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New Deal


Announced

Labcorp to acquire outreach laboratory business from Tufts Medicine.

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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United States

Domestic

Majority

Friendly

Single Bidder

health systems

Health Care Services

Acquisition

Private

Pending

Synopsis

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Labcorp, a leader of innovative and comprehensive laboratory services, agreed to acquire outreach laboratory business from Tufts Medicine, an integrated academic health system. Financial terms were not disclosed. "Tufts Medicine is an established leader in providing diagnostic testing and healthcare in eastern Massachusetts, and their mission and values closely align with Labcorp's mission to improve health and improve lives. This relationship will expand access to state-of-the-art diagnostics and laboratory services and improve the testing experience, providing an integrated, single-source, efficient option for patients and providers," Mark Schroeder, Labcorp Executive Vice President.

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