M&A Deal Summary

LabCorp Acquires AtlantiCare - Diagnostic Clinical Laboratory Services

On May 9, 2022, LabCorp acquired healthcare services company AtlantiCare - Diagnostic Clinical Laboratory Services from AtlantiCare

Acquisition Highlights
  • This is LabCorp’s 11th transaction in the Healthcare Services sector.
  • This is LabCorp’s 39th transaction in the United States.
  • This is LabCorp’s 3rd transaction in New Jersey.

M&A Deal Summary

Date 2022-05-09
Target AtlantiCare - Diagnostic Clinical Laboratory Services
Sector Healthcare Services
Buyer(s) LabCorp
Sellers(s) AtlantiCare
Deal Type Divestiture

Target

AtlantiCare - Diagnostic Clinical Laboratory Services

Atlantic City, New Jersey, United States
AtlantiCare’s clinical outreach business serves the AtlantiCare Physician Group and Affiliated Physicians and their patients across southern New Jersey.

Search 201,157 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

LabCorp

Burlington, North Carolina, United States

Category Company
Sector Test/Measurement Equipment
Employees67,000
Revenue 12.2B USD (2023)
DESCRIPTION
LabCorp's corporate headquarters in downtown Burlington, North Carolina.
LabCorp's corporate headquarters in downtown Burlington, North Carolina.

LabCorp of America Holdings is a provider of medical laboratory tests and services through a national network of primary clinical laboratories and specialty testing laboratories. LabCorp is based in Burlington, North Carolina.


DEAL STATS #
Overall 41 of 44
Sector (Healthcare Services) 11 of 13
Type (Divestiture) 13 of 15
State (New Jersey) 3 of 4
Country (United States) 39 of 42
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 PGDx

Baltimore, Maryland, United States

PGDx has empowered the fight against cancer by unlocking actionable information from the genome to drive biomarker-informed treatment plans. The PGDx elio portfolio of tissue-based and liquid biopsy comprehensive genomic solutions enables personalized care for all patients by bringing precision oncology testing to where they are. It was established by researchers from Johns Hopkins University who are pioneers in cancer genome sequencing and liquid biopsy technologies. PGDx was formed in 2010 and is based in Baltimore, Maryland.

Buy $575M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 RWJBarnabas Health - Outreach Laboratory Business

West Orange, New Jersey, United States

RWJBarnabas Health's Outreach Laboratory Business that offers patients and providers enhanced access to high-quality laboratory services.

Buy -

Seller(S) 1

SELLER

AtlantiCare

Atlantic City, New Jersey, United States

Category Company
Founded 1898
Sector Healthcare Services
DESCRIPTION

AtlantiCare is an integrated health care system provider and volunteers serve the community across Atlantic, Burlington, Camden, Cape May, and Ocean counties of southern New Jersey. AtlantiCare was founded in 1898 and is headquartered in Atlantic City, New Jersey.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1