M&A Deal Summary

Avista Healthcare Partners Acquires Inform Diagnostics

On September 22, 2017, private equity firm Avista Healthcare Partners acquired life science company Inform Diagnostics from Miraca Holdings

Acquisition Highlights
  • This is Avista Healthcare Partners’ 7th transaction in the Life Science sector.
  • This is Avista Healthcare Partners’ 30th transaction in the United States.
  • This is Avista Healthcare Partners’ 8th transaction in Texas.
Investment Fate
  • Inform Diagnostics was sold to a strategic buyer in 2022 for 170M USD.

M&A Deal Summary

Date 2017-09-22
Target Inform Diagnostics
Sector Life Science
Buyer(s) Avista Healthcare Partners
Sellers(s) Miraca Holdings
Deal Type Divestiture

Target

Inform Diagnostics

Irving, Texas, United States
Inform Diagnostics is a provider of anatomic pathology services primarily in the fields of gastroenterology, dermatology, hematology, breast health, and urology. The company's team of more than 90 distinguished expert subspecialists utilizes state-of-the-art pathology laboratories to serve more than 5,500 patients every day. Inform Diagnostics continuously improves diagnostic accuracy through consensus-based terminology and criteria, rigorous quality assurance, daily consensus conferences, extensive educational and training activities, and close relationships with clinical partners. Inform Diagnostics was formed in 1996 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

Avista Healthcare Partners

New York, New York, United States

Category Private Equity Firm
Founded 2005
PE ASSETS 8.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.


DEAL STATS #
Overall 37 of 56
Sector: Life Science M&A 7 of 13
Type: Divestiture M&A Deals 5 of 9
State: Texas M&A 8 of 8
Country: United States M&A 30 of 44
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 National Spine & Pain Centers

Frederick, Maryland, United States

National Spine & Pain Centers is a provider of interventional pain management services focused on relieving chronic back and neck pain. Interventional pain management is a rapidly growing medical specialty whose objective is to relieve pain through advanced, minimally invasive procedures while preventing costly, invasive surgery. National Spine & Pain Centers provides management services to physicians who are dedicated to providing high quality patient care in outpatient ambulatory surgical center settings. Affiliated physicians are fellowship-trained and board-certified/board-eligible pain specialists and many are nationally recognized leaders in pain management. National Spine & Pain Centers was founded in 1998 and is headquartered in Frederick, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-12 OptiNose

Yardley, Pennsylvania, United States

OptiNose is a specialty pharmaceutical company focused on the development and commercialization of products for patients cared for by, or in consultation with, ear, nose, and throat (ENT) or allergy specialists. OptiNose was founded in 2000 and is based in Yardley, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Miraca Holdings

Tokyo, Japan

Category Company
Founded 1950
Sector Life Science
DESCRIPTION

Miraca Holdings, Inc. is engaged in the business consisting of three segments: (i) development, manufacture, and commercialization of in vitro diagnostics, (ii) clinical laboratory testing, and (iii) other healthcare related businesses.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-22 Caris Life Sciences - Anatomic Pathology Business

United States

Buy $725M