Castle Biosciences - M&A Summary and Business Overview

Healthcare ServicesCompany

Castle Biosciences M&A Summary

Castle Biosciences has acquired 4 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms.

Castle Biosciences’ largest acquisition to date was in 2022, when it acquired AltheaDx for $65M. Castle Biosciences has acquired in 3 different US states. The Company’s most targeted sectors include life science (75%) and healthcare services (25%).

Castle Biosciences Business Overview

Where is Castle Biosciences headquartered?

Castle Biosciences is headquartered in Friendswood, Texas.

What is Castle Biosciences’ revenue?

Castle Biosciences disclosed revenue of 220M USD for 2023 and 137M USD for 2022.

How many employees does Castle Biosciences have?

Castle Biosciences has 703 employees.

What sector is Castle Biosciences in?

Castle Biosciences is a healthcare services company.

When was Castle Biosciences founded?

Castle Biosciences was founded in 2007.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Castle Biosciences

Castle Biosciences, Inc.

505 South Friendswood Drive, Suite 401,
Friendswood, Texas 77546
United States,
(866) 788-9007
www.castlebiosciences.com

Castle Biosciences is a developer and commercializes diagnostic and prognostic tests for dermatologic cancers. Castle Biosciences was incorporated in 2007 and is based in Friendswood, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # - - 3 1 - - 4
vol $95M $65M $160M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
AltheaDx, Inc. 2022-04-04 65M USD Add-on Acquisition
San Diego, California · www.altheadx.com
Cernostics, Inc. 2021-10-19 30M USD Add-on Acquisition
Pittsburgh, Pennsylvania · www.cernostics.com
Myriad myPath Melanoma LLC 2021-04-27 33M USD Divestiture
Salt Lake City, Utah
myPath LLC 2021-04-27 33M USD Divestiture
Salt Lake City, Utah · myriad.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 3 (75%) 128M (80%) - -
Healthcare Services 1 (25%) 33M (20%) - -
Total 4 $160M - -

By Geo

State/Country Buy Value Sell Value
United States 4 160M - -
  Utah 2 65M - -
  Pennsylvania 1 30M - -
  California 1 65M - -
Total 4 $160M - -

Deal Values

buy # Total
< $100M 4 $160M
TOTAL $160M
Largest AltheaDx, Inc.
$65M (2022-04-04)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Healthcare Services

Revenue

220   61% 2023
137   46% 2022
94   50% 2021
63   22% 2020
52   127% 2019
23   65% 2018
14   2017
(millions of USD) Show More Show Less

Employees

703

Established

2007

Public

NASDAQ: CSTL

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