M&A Deal Summary

ProPhase Labs Acquires Nebula Genomics

On August 11, 2021, ProPhase Labs acquired life science company Nebula Genomics from Eight Roads for 15M USD

Acquisition Highlights
  • This is ProPhase Labs’ 2nd transaction in the Life Science sector.
  • This is ProPhase Labs’ largest (disclosed) transaction.
  • This is ProPhase Labs’ 2nd transaction in the United States.
  • This is ProPhase Labs’ 1st transaction in California.

M&A Deal Summary
Date 2021-08-11
Target Nebula Genomics
Sector Life Science
Buyer(s) ProPhase Labs
Sellers(s) Eight Roads
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

Nebula Genomics

San Francisco, California, United States
Nebula Genomics provides consumers access to affordable and secure whole-genome sequencing via its online portal. Nebula’s solution is powered by the innovations of George Church, Ph.D. Dr. Church has pioneered the development of multiple DNA sequencing methods, including molecular multiplexing approaches that enable next-generation DNA sequencing (NGS) as well as nanopore sequencing. Nebula Genomics was founded in 2016 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

ProPhase Labs

Garden City, New York, United States
Category Company
Founded 1989
Sector Life Science
Employees113
Revenue 44M USD (2023)
DESCRIPTION

ProPhase Labs is a diversified natural health medical science company. It develops and markets clinically proven remedies including the highly effective Cold-EEZE® and Kids-EEZE® product lines. ProPhase Labs was founded in 1989 and is based in Garden City, New York.

DEAL STATS #
Overall 2 of 2
Sector (Life Science) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-23 Clinical Laboratory Improvement Amendments

Old Bridge, New Jersey, United States

Confucius Plaza Medical Laboratory Corp. is a full service clinical and molecular lab that provides a wide range of testing for diagnosis, screening and evaluation of diseases, including COVID-19 viral and antibody tests. Confucius Plaza Medical Laboratory is based in Old Bridge, New Jersey.

Buy -

Seller(S) 1

SELLER

Eight Roads

Investor

Category Private Equity Firm
Founded 1969
Size Small
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.

DEAL STATS #
Overall 82 of 97
Sector (Life Science) 45 of 49
Type (Add-on Acquisition) 34 of 44
State (California) 15 of 16
Country (United States) 49 of 60
Year (2021) 15 of 25
Size (of disclosed) 19 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-06 makeO

Mumbai, India

makeO provides its customers with at-home teeth alignment treatment at competitive prices. makeO is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Walnut

New York, New York, United States

Walnut is a Sales Experience Platform, that puts the prospect in the center of the sales engagement, and empowers sales leaders to own the entire process without relying on any back-end team. Walnut was founded in 2020 and is based in New York City.

Buy -
Mergr

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