M&A Deal Summary

LabCorp Acquires Invitae

On April 24, 2024, LabCorp acquired life science company Invitae for 239M USD

Acquisition Highlights
  • This is LabCorp’s 21st transaction in the Life Science sector.
  • This is LabCorp’s 9th largest (disclosed) transaction.
  • This is LabCorp’s 42nd transaction in the United States.
  • This is LabCorp’s 8th transaction in California.

M&A Deal Summary
Date 2024-04-24
Target Invitae
Sector Life Science
Buyer(s) LabCorp
Deal Type Special Situations/Distressed
Deal Value 239M USD
Advisor(s) Kirkland & Ellis (Legal)

Target

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.

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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 44 of 44
Sector (Life Science) 21 of 21
Type (Special Situations/Distressed) 1 of 1
State (California) 8 of 8
Country (United States) 42 of 42
Year (2024) 1 of 1
Size (of disclosed) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 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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Company

Legal