Add-on Acquisition • Life Science

LabGenomics Acquires Qdx Pathology Services

On September 5, 2023, LabGenomics acquired life science company Qdx Pathology Services from Hadley Capital

Acquisition Context
  • This is LabGenomics’ 1st transaction in the Life Science sector.
  • This is LabGenomics’ 1st transaction in the United States.
  • This is LabGenomics’ 1st transaction in New Jersey.

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M&A Deal Summary

Date September 5, 2023
Target Qdx Pathology Services
Sector Life Science
Buyer(s) LabGenomics
Sellers(s) Hadley Capital
Deal Type Add-on Acquisition

Target Company

Qdx Pathology Services

Edison, New Jersey, United States
Qdx Pathology Services provides personalized laboratory services, as well as a full range of ancillary support and practice management solutions. Qdx Pathology Services is based in Edison, New Jersey.
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Buyer Overview 1

Buyer

LabGenomics

Seongnam-si, South Korea

Category Company
Founded 2002
Sector Life Science
Revenue 85.9B KRW (2024)
DESCRIPTION

LabGenomics is a healthcare company specializing in molecular diagnostics. LabGenomics offers several cancer tests, including ‘BRCA1/BRCA2,’ ‘comprehensive genetic cancer panel,’ and ‘OTD-Solid’ test. LabGenomics was formed in 2002 and is based in Seongnam-si, South Korea.


Deal Context for Buyer #
Overall 1 of 2
Sector: Life Science 1 of 2
Type: Add-on Acquisition 1 of 2
State: New Jersey 1 of 1
Country: United States 1 of 2
Year: 2023 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-25 IMD

Berkeley, California, United States

IMD specializes in molecular diagnostics and provides advanced technology and infrastructure to support community-based pathology and oncology practices, particularly in the field of cancer management. IMD is based in Berkeley, California.

Buy -

Seller Profile 1

SELLER

Hadley Capital

Wilmette, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Hadley Capital is a private equity firm that targets investments in small, established companies. The Firm looks for businesses generating sales of $5 to $30 million and EBITDA of $1 to $5 million. Hadley Capital seeks opportunities across a variety of industries; including manufacturing, business services, and distribution. Prospective transaction types include acquisitions, leveraged buyouts, management buyouts, recapitalizations, growth capital financings, and industry consolidations. Hadley Capital was formed in 1998 and is based in Wilmette, Illinois.


Deal Context for Seller #
Overall 12 of 12
Sector: Life Science 2 of 2
Type: Add-on Acquisition 5 of 5
State: New Jersey 1 of 1
Country: United States 12 of 12
Year: 2023 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-22 New Age Cryo

Ringwood, Illinois, United States

New Age Cryo is specialized in industrial cleaning services that include sponges, dry ice, and hydro blasting. New Age Cryo was founded in 2009 and is based in Ringwood, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-07 4AllPromos

Essex, Connecticut, United States

4AllPromos is a direct marketer of promotional products that sells products online with order customization and fulfillment taking place through a network of third-party suppliers. 4AllPromosis is based in Essex, Connecticut.

Buy -