M&A Deal Summary

Karrington Clinical Labs Acquires Matrix Clinical Laboratory

On January 4, 2023, Karrington Clinical Labs acquired life science company Matrix Clinical Laboratory from Matrix Medical Network

Acquisition Highlights
  • This is Karrington Clinical Labs’ 1st transaction in the Life Science sector.
  • This is Karrington Clinical Labs’ 1st transaction in the United States.
  • This is Karrington Clinical Labs’ 1st transaction in Arizona.

M&A Deal Summary

Date 2023-01-04
Target Matrix Clinical Laboratory
Sector Life Science
Buyer(s) Karrington Clinical Labs
Sellers(s) Matrix Medical Network
Deal Type Divestiture

Target

Matrix Clinical Laboratory

Scottsdale, Arizona, United States
Matrix Clinical Laboratory provide Karrington an established CLIA-certified and CAP-accredited laboratory dedicated to delivering clinical diagnostics tests. Matrix Clinical Laboratory is based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

Karrington Clinical Labs

Fulton, Maryland, United States

Category Company
Sector Life Science
DESCRIPTION

Karrington Clinical Labs is state-of-the-art CLIA and CAP-certified laboratory ensuring a gold standard for accuracy, precision, validity, and reliability across all diagnostics. Karrington is continually developing new and improved diagnostic testing and laboratory processes, and has expanded its testing menu using its minimally invasive phlebotomy technology. Karrington Clinical Labs is based in Fulton, Maryland.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Matrix Medical Network

Scottsdale, Arizona, United States

Category Company
Founded 2000
Sector Healthcare Services
DESCRIPTION

Matrix Medical Network is a provider of home-based medical assessments and has expanded its portfolio of services to include screening, chronic care management, physician engagement and analytics. Matrix Medical Network was founded in 2000 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 2 of 2
Sector (Life Science) 2 of 2
Type (Divestiture) 2 of 2
State (Arizona) 2 of 2
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Matrix Clinical Trials Service Line

Scottsdale, Arizona, United States

Matrix Clinical Trials Service Line focus on improving the health and wellness of health plan members, and keeping America's workers productive and safe, through its design of custom and flexible clinical solutions.

Sell -