M&A Deal Summary

Quest Diagnostics Acquires HemoCue AB

On February 1, 2007, Quest Diagnostics acquired healthcare services company HemoCue AB from EQT for 420M USD

Acquisition Highlights
  • This is Quest Diagnostics’ 4th transaction in the Healthcare Services sector.
  • This is Quest Diagnostics’ 7th largest (disclosed) transaction.
  • This is Quest Diagnostics’ 1st transaction in Sweden.
Investment Fate
  • HemoCue AB was divested to a consortium of strategic buyers in 2013 for 300M USD.

M&A Deal Summary

Date 2007-02-01
Target HemoCue AB
Sector Healthcare Services
Buyer(s) Quest Diagnostics
Sellers(s) EQT
Deal Type Add-on Acquisition
Deal Value 420M USD

Target

HemoCue AB

Angelholm, Sweden
For more than 10 years, HemoCue had been a recognized global leader in professional diagnostics point-of-care testing. The product strategies behind HemoCue's success where based on a clear focus on important diagnostic tests of the highest quality, which was fast and easy to perform by anyone.

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Buyer(S) 1

Buyer

Quest Diagnostics

Secaucus, New Jersey, United States

Category Company
Founded 1967
Sector Healthcare Services
Employees45,000
Revenue 9.9B USD (2024)
DESCRIPTION

Quest Diagnostics is a provider of diagnostic information services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic information services through its network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics was founded in 1967 and is based in Secaucus, New Jersey.


DEAL STATS #
Overall 5 of 39
Sector: Healthcare Services M&A 4 of 23
Type: Add-on Acquisition M&A Deals 5 of 26
Country: Sweden M&A 1 of 1
Year: 2007 M&A 1 of 2
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-03 Focus Diagnostics

Cypress, California, United States

Focus Diagnostics, Inc. is a developer of immunodiagnostic and molecular diagnostic products.

Buy $208M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-16 AmeriPath

Orlando, Florida, United States

AmeriPath, Inc. is a leading national provider of anatomic pathology, dermatopathology and molecular diagnostic services to physicians, hospitals, clinical laboratories and surgery centers across the U.S.

Buy $2.0B

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 26 of 194
Sector: Healthcare Services M&A 1 of 9
Type: Add-on Acquisition M&A Deals 13 of 76
Country: Sweden M&A 12 of 34
Year: 2007 M&A 1 of 6
Size (of disclosed) 32 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-14 Metall Technologie Holding

Menden, Germany

MTH is a leading provider of industrial heat treatment technology solutions, both for vacuum and atmospheric furnaces, in the Aerospace, Machine Tooling and Automotive industries, and has been developing well established industrial competences with a focus on energy efficiency and high-performance.

Sell €106M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-22 CBR Fashion Group

Isernhagen, Germany

CBR Fashion Group is a women’s fashion manufacturer. With a broad geographical presence and two established brands, Street One and CECIL, CBR is one of the foremost suppliers of women's fashion in Germany, employs over 1,200 people, and is represented in 19 European countries. CBR Fashion Group was formed in 1980 and is based in Isernhagen, Germany.

Buy -