M&A Deal Summary

IQVIA and Quest Diagnostics Acquire Q² Solutions

On July 2, 2015, IQVIA and Quest Diagnostics acquired life science company Q² Solutions

Acquisition Highlights
  • This is IQVIA’s 8th and Quest Diagnostics’ 5th transaction in the Life Science sector.
  • This is IQVIA’s 12th and Quest Diagnostics’ 16th transaction in the United States.
  • This is IQVIA’s 3rd and Quest Diagnostics’ 2nd transaction in North Carolina.

M&A Deal Summary
Date 2015-07-02
Target Q² Solutions
Sector Life Science
Buyer(s) IQVIA
Quest Diagnostics
Deal Type Joint Venture

Target

Q² Solutions

Morrisville, North Carolina, United States
Q² Solutions is a global clinical trial laboratory services organization that helps biopharmaceutical, medical device, and diagnostics customers improve human health through innovation that transforms science and data into actionable medical insights. Q² Solutions is a quality-driven, responsive partner with strong global experience and deep scientific and medical expertise. Q² Solutions was formed in 2015 and is based in Morrisville, North Carolina.

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Buyer(S) 2

Buyer

IQVIA

Durham, North Carolina, United States
Category Company
Sector Life Science
Employees87,000
Revenue 15.0B USD (2023)
DESCRIPTION
Quintiles office in San Diego, California.
Quintiles office in San Diego, California.

IQVIA is a provider of advanced analytics, technology solutions, and contract research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. IQVIA was founded in 2016 and is based in Durham, North Carolina.

DEAL STATS #
Overall 13 of 18
Sector (Life Science) 8 of 8
Type (Joint Venture) 1 of 1
State (North Carolina) 3 of 3
Country (United States) 12 of 15
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Encore Health Resources

Houston, Texas, United States

Encore Health Resources (Encore) is a provider in the health-information analytics and technology consulting services industry focused on healthcare providers. Encore Health Resources was founded in 2009 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 IMS Health Holdings

Danbury, Connecticut, United States

IMS Health Holdings, Inc. is an information and technology services company providing clients in the healthcare industry with end-to-end solutions to measure and improve their performance. IMS Health was established in 1954 and is based in Danbury, Connecticut.

Buy $8.8B
Buyer

Quest Diagnostics

Secaucus, New Jersey, United States
Category Company
Founded 1967
Sector Healthcare Services
Employees50,000
Revenue 9.3B USD (2023)
DESCRIPTION

Quest Diagnostics is a 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.

DEAL STATS #
Overall 17 of 38
Sector (Life Science) 5 of 13
Type (Joint Venture) 1 of 1
State (North Carolina) 2 of 2
Country (United States) 16 of 35
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 MemorialCare Health System - Laboratory Outreach Service Business

California, United States

MemorialCare Health System's laboratory outreach service business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-10 Clinical Laboratory Partners - Outreach Laboratory Service Business

United States

Clinical Laboratory Partners - Outreach Laboratory Service Business is a provider of laboratory services.

Buy -
Mergr

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