M&A Deal Summary

LabCorp Acquires Baystate Health - Outreach laboratory business

On October 4, 2023, LabCorp acquired healthcare services company Baystate Health - Outreach laboratory business from Baystate Health

Acquisition Highlights
  • This is LabCorp’s 13th transaction in the Healthcare Services sector.
  • This is LabCorp’s 41st transaction in the United States.
  • This is LabCorp’s 5th transaction in Massachusetts.

M&A Deal Summary

Date 2023-10-04
Target Baystate Health - Outreach laboratory business
Sector Healthcare Services
Buyer(s) LabCorp
Sellers(s) Baystate Health
Deal Type Divestiture

Target

Baystate Health - Outreach laboratory business

Springfield, Massachusetts, United States
Baystate Health's Outreach laboratory business is a manufacturer and distributor of ventilation products. Baystate Health's Outreach laboratory business is based in Springfield, Massachusetts.

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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 43 of 44
Sector (Healthcare Services) 13 of 13
Type (Divestiture) 15 of 15
State (Massachusetts) 5 of 5
Country (United States) 41 of 42
Year (2023) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 Invitae

San Francisco, California, United States

Invitae is a genetic information company diagnostics for hereditary disorders. Invitae was founded in 2010 and is based in San Francisco, California.

Buy $239M

Seller(S) 1

SELLER

Baystate Health

Springfield, Massachusetts, United States

Category Company
Founded 1883
Sector Life Science
DESCRIPTION

Baystate Health is a not-for-profit, integrated healthcare system serving over 800,000 people. Baystate Health was founded in 1883 and is based in Springfield, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1