M&A Deal Summary

Chembio Diagnostics Acquires RVR Diagnostics Sdn Bhd

On November 4, 2016, Chembio Diagnostics acquired medical products company RVR Diagnostics Sdn Bhd for 2M USD

Acquisition Highlights
  • This is Chembio Diagnostics’ 1st transaction in the Medical Products sector.
  • This is Chembio Diagnostics’ largest (disclosed) transaction.
  • This is Chembio Diagnostics’ 1st transaction in Malaysia.

M&A Deal Summary

Date 2016-11-04
Target RVR Diagnostics Sdn Bhd
Sector Medical Products
Buyer(s) Chembio Diagnostics
Deal Type Add-on Acquisition
Deal Value 2M USD

Target

RVR Diagnostics Sdn Bhd

Malaysia
RVR Diagnostics Sdn Bhd is a manufacturer and distributor of POC diagnostic tests for infectious diseases.

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Buyer(S) 1

Buyer

Chembio Diagnostics

Hauppauge, New York, United States

Category Company
Founded 1985
Sector Medical Products
Revenue 37M USD (2021)
DESCRIPTION

Chembio Diagnostics is a developer, manufacturer and marketer of proprietary rapid diagnostic tests in the growing $8.0 billion point-of-care testing market. Chembio markets each of its DPP® HIV 1/2 Assay, HIV 1/2 STAT-PAK® Assay, and SURE CHECK® HIV 1/2 Assay, with these Chembio brand names, in the U.S. and internationally both directly and through third-party distributors. Chembio Diagnostics was incorporated in 1985 and is based in Hauppauge, New York.


DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Malaysia) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 Orangelife Comercio e Industria

Rio De Janeiro, Brazil

Orangelife Comercio e Industria Ltda. is a privately-held Brazilian manufacturer and distributor of point-of-care diagnostics tests for infectious diseases. Orangelife manufactures numerous ANVISA-approved point-of-care infectious disease tests, including Brazil’s first ANVISA-approved HIV self-test. Orangelife tests are manufactured in its Rio de Janeiro, Brazil facility that is ISO-certified and approved by ANVISA to produce Class II/III/IV medical devices.

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