M&A Deal Summary

LabCorp Acquires Chiltern International

On July 31, 2017, LabCorp acquired life science company Chiltern International for 1.2B USD

Acquisition Highlights
  • This is LabCorp’s 19th transaction in the Life Science sector.
  • This is LabCorp’s 2nd largest (disclosed) transaction.
  • This is LabCorp’s 31st transaction in the United States.
  • This is LabCorp’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2017-07-31
Target Chiltern International
Sector Life Science
Buyer(s) LabCorp
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) Jefferies (Financial)
Hughes Hubbard & Reed LLP (Legal)

Target

Chiltern International

Bristol, Tennessee, United States
website
Chiltern International, Inc. is a global contract research organization, and a provider of clinical services and solutions in a variety of therapeutic areas with engagement models for biopharmaceutical and medical device industries. Chiltern’s team of more than 4,500, located across 47 countries, provides comprehensive Clinical Development, Medical & Scientific Affairs, Data & Analysis, Pharmacovigilance and Strategic Regulatory services using a collaborative approach for more efficient clinical trials. Visit Chiltern.com to learn more about how Chiltern is Designed Around You®.

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Buyer(S) 1

Buyer

LabCorp

Burlington, North Carolina, United States

website

Category Company
Founded 1994
Sector Test/Measurement Equipment
Employees70,400
Revenue 14.9B USD (2022)
DESCRIPTION
LabCorp's corporate headquarters in downtown Burlington, North Carolina.
LabCorp's corporate headquarters in downtown Burlington, North Carolina.

LabCorp of America Holdings is a provider of medical laboratory tests and services through a national network of primary clinical laboratories and specialty testing laboratories. LabCorp was formed in 1994 and is based in Burlington, North Carolina.

DEAL STATS #
Overall 33 of 44
Sector (Life Science) 19 of 21
Type (Add-on Acquisition) 24 of 28
State (Tennessee) 2 of 2
Country (United States) 31 of 42
Year (2017) 3 of 4
Size (of disclosed) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 Pathology Associates Medical Laboratories

Spokane, Washington, United States

Pathology Associates Medical Laboratories LLC is an owns and operator of a state-of-the-art, full-service reference laboratory and maintains other laboratory operations throughout the western United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-23 ChromaDex - Analytical Testing Services

Irvine, California, United States

ChromaDex Corp. - Analytical Testing Services is a provider of analytical testing services.

Buy -
Mergr

Product

Company

Legal