M&A Deal Summary

LabCorp Acquires DCL Medical laboratories

On July 13, 2010, LabCorp acquired healthcare services company DCL Medical laboratories from Thompson Street Capital Partners

Acquisition Highlights
  • This is LabCorp’s 4th transaction in the Healthcare Services sector.
  • This is LabCorp’s 14th transaction in the United States.
  • This is LabCorp’s 2nd transaction in Indiana.

M&A Deal Summary

Date 2010-07-13
Target DCL Medical laboratories
Sector Healthcare Services
Buyer(s) LabCorp
Sellers(s) Thompson Street Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Lazard Middle Market (Financial)

Target

DCL Medical laboratories

Indianapolis, Indiana, United States
website
DCL Medical laboratories LLC, a women's health-focused laboratory, provides diagnostic and clinical trial testing to physicians, hospitals and pharmaceutical companies throughout the central Midwest.

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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 14 of 44
Sector (Healthcare Services) 4 of 13
Type (Add-on Acquisition) 14 of 28
State (Indiana) 2 of 3
Country (United States) 14 of 42
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-03 Monogram Biosciences

South San Francisco, California, United States

Monogram Biosciences, Inc., is a leader in developing and commercializing innovative diagnostic products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Genzyme Genetics

Cambridge, Massachusetts, United States

Genzyme Genetics, is a provider of complex reproductive and oncology testing services and the preferred provider for such services to maternal fetal medicine specialists and obstetrician / gynecologists nationally.

Buy $925M

Seller(S) 1

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 3 of 47
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 1 of 24
State (Indiana) 1 of 3
Country (United States) 3 of 47
Year (2010) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-28 Express Oil Change & Tire Engineers

Birmingham, Alabama, United States

Express Oil Change & Tire Engineers is a provider of total car care solutions, oil change, maintenance and repair services. Express Oil Change & Tire Engineers was founded in 1979 and is based in Birmingham, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-19 Barcodes

Chicago, Illinois, United States

Barcodes is a provider of products and services that enable businesses to digitally capture and act on data related to their assets, people, and transactions. Barcodes was founded in 1994 and is based in Chicago, Illinois.

Buy -