M&A Deal Summary

LabCorp Acquires South Bend Medical Foundation - Diagnostic Clinical Laboratory Assets

On October 22, 2019, LabCorp acquired test/measurement equipment company South Bend Medical Foundation - Diagnostic Clinical Laboratory Assets from South Bend Medical Foundation

Acquisition Highlights
  • This is LabCorp’s 4th transaction in the Test/Measurement Equipment sector.
  • This is LabCorp’s 34th transaction in the United States.
  • This is LabCorp’s 3rd transaction in Indiana.

M&A Deal Summary

Date 2019-10-22
Target South Bend Medical Foundation - Diagnostic Clinical Laboratory Assets
Sector Test/Measurement Equipment
Buyer(s) LabCorp
Sellers(s) South Bend Medical Foundation
Deal Type Divestiture

Target

South Bend Medical Foundation - Diagnostic Clinical Laboratory Assets

Indiana, United States
South Bend Medical Foundation - Diagnostic Clinical Laboratory Assets provides laboratory testing services and integrates pathology services to customers in the region.

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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 36 of 44
Sector (Test/Measurement Equipment) 4 of 5
Type (Divestiture) 11 of 15
State (Indiana) 3 of 3
Country (United States) 34 of 42
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Covance Food Solutions

Livermore, California, United States

Covance Food Solutions is a provider of product integrity, food safety, product development and consulting solutions for end-use segments that span the life cycle of food, beverage and dietary supplement products. Covance Food Solutions was founded in 1976 and is based in Livermore, California.

Sell $670M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Myriad Autoimmune s Vectra Testing Business

Salt Lake City, Utah, United States

Myriad Autoimmune's Vectra Testing Business is a non-invasive, blood-based test that analyzes 12 biomarkers to measure RA disease activity. It combines those measures to generate an easy-to-understand score, which indicates the severity of RA inflammation and how well current treatments are working. It also can predict potential, future joint damage. This enables the 5,000 practicing rheumatologists in the U.S. to provide targeted treatment and adjust existing treatments to better manage RA symptoms.

Buy $150M

Seller(S) 1

SELLER

South Bend Medical Foundation

South Bend, Indiana, United States

website


Category Company
Founded 1912
Sector Life Science
DESCRIPTION

South Bend Medical Foundation delivers superior quality pathology and blood banking services to hospitals and physicians in Indiana, Michigan, Ohio, and Illinois. Founded in 1912 by a group of physicians, South Bend Medical Foundation supports hospitals and physicians throughout the region.


DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1