M&A Deal Summary

bioMerieux Acquires Specific Diagnostics

On April 12, 2022, bioMerieux acquired medical products company Specific Diagnostics from Telegraph Hill Partners

Acquisition Highlights
  • This is bioMerieux’s 9th transaction in the Medical Products sector.
  • This is bioMerieux’s 8th transaction in the United States.
  • This is bioMerieux’s 2nd transaction in California.

M&A Deal Summary

Date 2022-04-12
Target Specific Diagnostics
Sector Medical Products
Buyer(s) bioMerieux
Sellers(s) Telegraph Hill Partners
Deal Type Add-on Acquisition

Target

Specific Diagnostics

San Jose, California, United States
Specific Diagnostics is a developer of in vitro diagnostic systems for the detection and identification of microorganisms while they grow in culture. Specific Diagnostics was founded in 2011 and is based in San Jose, California.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

bioMerieux

Marcy l'Etoile, France

Category Company
Founded 1963
Sector Life Science
Employees14,147
Revenue 4.0B EUR (2024)
DESCRIPTION

bioMerieux is a provider in the field of in vitro diagnostic solutions (reagents, instruments, software) that determine the source of disease and contamination to improve patient health and ensure consumer safety. Its products are used for diagnosing infectious diseases and providing high medical value results for cancer screening, monitoring, and cardiovascular emergencies. bioMerieux was founded in 1963 and is based in Marcy-l'Étoile, France.


DEAL STATS #
Overall 21 of 21
Sector: Medical Products M&A 9 of 9
Type: Add-on Acquisition M&A Deals 17 of 17
State: California M&A 2 of 2
Country: United States M&A 8 of 8
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 Invisible Sentinel

Philadelphia, Pennsylvania, United States

Invisible Sentinel, Inc. develops, manufactures and markets innovative and user-friendly molecular diagnostic tools for the rapid, accurate and reliable detection of pathogens and spoilage organisms in food and beverage.

Buy $75M

Seller(S) 1

SELLER

Telegraph Hill Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2001
Size Middle-Market
Type Sector Focused
DESCRIPTION

Telegraph Hill Partners is a specialist private equity firm focused on investing in later-stage life science, medical device, and healthcare companies. Prospective companies should be at or near profitability and demonstrate success. Other areas of interest within the healthcare sector include life science technologies, chemistry/reagent suppliers, and information management. Telegraph Hill Partners was formed in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 27 of 29
Sector: Medical Products M&A 13 of 14
Type: Add-on Acquisition M&A Deals 22 of 24
State: California M&A 17 of 18
Country: United States M&A 26 of 28
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 AltheaDx

San Diego, California, United States

AltheaDx is a commercial-stage molecular diagnostics company specializing in the field of pharmacogenetics, or PGx. AltheaDx's product testing portfolio enables personalized therapeutic decisions for patients suffering from some of the most prevalent clinical conditions in the United States, including cardiovascular disease, neuropsychiatric disorders, and pain. AltheaDx was founded in 1998 and is based in San Diego, California.

Sell $65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Verogen

San Diego, California, United States

Verogen is a developer, manufacturer, and sells forensic genomics products and services, including for next-generation sequencing. Verogen was formed in 2017 and is based in San Diego, California.

Sell $150M