Quest Diagnostics Mergers and Acquisitions Summary

Healthcare Services Company

Quest Diagnostics has acquired 34 companies, including 18 in the last 5 years. A total of 13 acquisitions came from private equity firms. It has also divested 3 assets.

Quest Diagnostics’ largest acquisition to date was in 2007, when it acquired AmeriPath for $2.0B. It’s largest disclosed sale occurred in 2016, when it sold Focus Diagnostics to DiaSorin for $300M. Quest Diagnostics has acquired in 15 different US states, and 3 countries. The Company’s most targeted sectors include healthcare services (60%) and life science (32%).

Join Mergr and gain access to Quest Diagnostics’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the healthcare services sector.

M&A Summary

  • M&A Total Activity35
    • M&A Buy Activity32
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 23
  • M&A Advisors 1

Quest Diagnostics, Inc.

500 Plaza Drive,
Secaucus, New Jersey 07094
United States,
(973) 520-2700
www.questdiagnostics.com

Quest Diagnostics is the world's leading 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.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (3.0/yr) # 17 - 7 6 - 2 32
vol $5.7B $5.7B
Sell (0.4/yr) # 1 1 - 1 - - 3
vol $300M $300M $600M
  35

Most Recent M&A

Company Date Value Type
Mid America Clinical Laboratories 2020-08-03 - Add-on Acquisition
Indianapolis, Indiana · www.maclonline.com
Blueprint Genetics Oy 2020-01-22 - Add-on Acquisition
Espoo, Finland · www.blueprintgenetics.com
Boyce and Bynum Pathology Laboratories (BBPL) - Clinical Laboratory Services Business 2018-11-27 - Divestiture
Columbia, Missouri
Hurley Medical Center - Outreach Laboratory Services 2018-10-22 - Divestiture
, Michigan
Hooper Holmes, Inc. 2018-10-10 - Add-on Acquisition
Olathe, Kansas · www.provanthealth.com
Quest Diagnostics, Inc. - India Diagnostics Business 2018-10-05 - Divestiture
Madison, New Jersey
PhenoPath PLLC 2018-09-27 - Add-on Acquisition
Seattle, Washington · www.phenopath.com
ReproSource, Inc. 2018-09-24 - Add-on Acquisition
Woburn, Massachusetts · www.reprosource.com
Mobile Medical Examination Services, Inc. 2018-01-23 - Add-on Acquisition
Santa Ana, California · www.medxm1.com
California Laboratory Associates 2017-10-30 - Add-on Acquisition
Burbank, California · www.clalab.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 19 (59%) 4.4B (77%) 2 (67%) 300M (50%)
Life Science 10 (31%) 948M (17%) 1 (33%) 300M (50%)
Consumer Services 1 (3%) - - -
Internet Software and Services 1 (3%) 344M (6%) - -
Test/Measurement Equipment 1 (3%) - - -
Total 32 $5.7B 3 $600M

By Geo

State/Country Buy Value Sell Value
United States 30 5.3B 2 300M
  California 7 552M 1 300M
  Massachusetts 4 740M - -
  Washington 2 - - -
  Texas 2 - - -
  New Mexico 2 - - -
  Michigan 2 - - -
  Kansas 2 934M - -
  Virginia 1 500M - -
  Ohio 1 - - -
  North Carolina 1 570M - -
  New York 1 - - -
  Missouri 1 - - -
  Indiana 1 - - -
  Florida 1 2.0B - -
  New Jersey - - 1 -
Sweden 1 420M 1 300M
Finland 1 - - -
Domestic 30 (94%) 5.3B (93%) 2 (67%) 300M (50%)
Cross-border 2 (6%) 420M (7%) 1 (33%) 300M (50%)
Total 32 $5.7B 3 $600M

Top M&A Advisors

Legal Deals
Shearman & Sterling LLP
1

Deal Values

buy # Total
> $1B 1 $2.0B
$100M to $1B 7 $3.7B
TOTAL $5.7B
Largest AmeriPath, Inc.
$2.0B (2007-04-16)
sell # Total
$100M to $1B 2 $600M
TOTAL $600M
Largest Focus Diagnostics, Inc.
$300M (2016-03-30)

M&A Connections

Deals %
Acquired from
PE Firm(s)
59%
13 59%
Strategic(s)
41%
9 41%
Divested to
Strategic(s)
100%
3 100%

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