M&A Deal Summary

Heska Acquires Lacuna Diagnostics

On January 13, 2021, Heska acquired consumer services company Lacuna Diagnostics

Acquisition Highlights
  • This is Heska’s 1st transaction in the Consumer Services sector.
  • This is Heska’s 3rd transaction in the United States.
  • This is Heska’s 3rd transaction in Colorado.

M&A Deal Summary
Date 2021-01-13
Target Lacuna Diagnostics
Sector Consumer Services
Buyer(s) Heska
Deal Type Add-on Acquisition

Target

Lacuna Diagnostics

Fort Collins, Colorado, United States
Lacuna Diagnostics, Inc. is a digital telemedicine cytology platform that increases the standard of care veterinarians provide for pets by providing nearly real-time interpretation of cases by an expert network of board-certified clinical pathologists. Lacuna Diagnostics was founded in 2016 and headquartered in Fort Collins, Colorado.

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Buyer(S) 1

Buyer

Heska

Loveland, Colorado, United States
Category Company
Founded 1988
Sector Medical Products
Employees808
Revenue 257M USD (2022)
DESCRIPTION

Heska sells, manufactures, markets, and supports diagnostic and specialty products and solutions for veterinary practitioners. The company's portfolio includes point-of-care diagnostic laboratory instruments and consumables including rapid assay diagnostic products and digital cytology services; local and cloud-based data services; practice information management software (“PIMS”) and related software and support; reference laboratory testing; allergy testing and immunotherapy; heartworm preventive products; and vaccines. Heska’s primary focus is supporting companion animal veterinarians in providing care to their patients. Its business is composed of two operating and reportable segments: North America and International. North America consists of the United States, Canada, and Mexico. International consists of geographies outside of North America, primarily in Germany, Italy, Spain, France, Switzerland, Australia and Malaysia. Heska’s strategic focus on point-of-care diagnostic laboratory products is included in both segments. The North America segment also includes the contract manufacturing of vaccines and pharmaceutical products and a small veterinary laboratory, and the international segment includes PIMS business and veterinary laboratories. Heska was founded in 1988 and is based in Loveland, Colorado.

DEAL STATS #
Overall 5 of 8
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (Colorado) 3 of 4
Country (United States) 3 of 5
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-14 scil animal care company

Viernheim, Germany

scil animal care company GmbH is a provider of animal health laboratory and imaging diagnostic products and services to veterinarians primarily in North America and Europe. scil animal care company was formed in 1998 and is based in Viernheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Biotech Laboratories

Rockville, Maryland, United States

Biotech Laboratories develops a full line of rapid point-of-care tests to detect antigens and antibodies associated with infectious and parasitic diseases of animals. Biotech is led by a team of scientists and industry experts with over 100 collective years of disease diagnostic research, development, and operations. Biotech lateral flow tests are fast, accurate, and convenient; the products boast excellent specificity, sensitivity, and consistency, as well as mobile reader, extended shelf life, and easy storage capabilities. With a steadfast commitment to innovation and clinical research and development, the company aims to support healthier animals by providing high-quality diagnostic solutions to veterinarians, livestock producers, and pet owners worldwide. Biotech Laboratories was formed in 2016 and is based in Rockville, Maryland.

Buy -
Mergr

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