M&A Deal Summary

Genetic Technologies Acquires EasyDNA

On July 19, 2021, Genetic Technologies acquired life science company EasyDNA from BelHealth Investment Partners for 4M USD

Acquisition Highlights
  • This is Genetic Technologies’ 1st transaction in the Life Science sector.
  • This is Genetic Technologies’ largest (disclosed) transaction.
  • This is Genetic Technologies’ 1st transaction in the United States.
  • This is Genetic Technologies’ 1st transaction in California.

M&A Deal Summary

Date 2021-07-19
Target EasyDNA
Sector Life Science
Buyer(s) Genetic Technologies
Sellers(s) BelHealth Investment Partners
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

EasyDNA

Elk Grove, California, United States
website
EasyDNA is a provider of DNA testing and genetic testing. EasyDNA’s network of online retail sales platforms offers fast and affordable home DNA testing that is reliable and confidential. They also offer a number of lifestyle and health and wellbeing tests, and animal testing relating to allergies and tolerances. EasyDNA was founded in 2007 and is based in Elk Grove, California.

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Buyer(S) 1

Buyer

Genetic Technologies

Fitzroy, Australia

website


Category Company
Sector Life Science
Revenue 9M USD (2020)
DESCRIPTION

Genetic Technologies is a diversified molecular diagnostics company. GTG offers cancer predictive testing and assessment tools to help physicians proactively manage patient health. The Company’s lead products GeneType for Breast Cancer for non-hereditary breast cancer and GeneType for Colorectal Cancer have clinically validated risk assessment tests and are first in class. Genetic Technologies is developing a pipeline of risk assessment products. Genetic Technologies is based in Fitzroy, Australia.


DEAL STATS #
Overall 1 of 2
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 AffinityDNA

East Sussex, United Kingdom

AffinityDNA is a DNA Testing company with more than 15 years’ experience in the DNA business and established partnerships with some of the most highly accredited DNA testing laboratories in the world. AffinityDNA offers a number of lifestyle and health and wellbeing tests, and animal testing relating to allergies and tolerances. AffinityDNA is based in East Sussex, United Kingdom.

Buy -

Seller(S) 1

SELLER

BelHealth Investment Partners

Fort Lauderdale, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2011
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

BelHealth Investment Partners LLC is private equity firm focused on mid-sized healthcare companies. The Firm looks to invest $20 to $50 million per transaction and specifically targets healthcare services, healthcare products, healthcare distribution, and healthcare IT. BelHealth prefers companies with recurring revenue, high margins, diverse customers, low regulatory oversight, and modest technology risk. Prospective companies are typically profitable with at least $20-$100 million of enterprise value, $10-$100 million of revenue and $2-$10 million of EBITDA. BelHealth was formed in 2011 and is based in New York City.


DEAL STATS #
Overall 6 of 7
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (California) 2 of 2
Country (United States) 6 of 7
Year (2021) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Care Advantage

Richmond, Virginia, United States

Care Advantage is a provider of home healthcare and related services in Virginia. The Company specializes in “one-on-one” quality nursing care in the home for both “unskilled care” and “skilled care” patients. Care Advantage was founded in 1988 and is based in Richmond, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 AHSG

Edmond, Oklahoma, United States

AHSG is a national and diversified healthcare staffing platform, serving thousands of endpoints across health systems, hospitals, and outpatient clinics in all 50 states. AHSG’s seven divisions span across high growth and resilient segments of healthcare staffing including nursing, allied health, pharmacy, interim leadership, dialysis, non-clinical and technology. AHSG was founded in 2010 and is based in Edmond, Oklahoma.

Sell -