Add-on Acquisition • Life Science

LabCorp Acquires Tandem Labs

On January 24, 2008, LabCorp acquired life science company Tandem Labs from DW Healthcare Partners and NWT

Acquisition Context
  • This is LabCorp’s 7th transaction in the Life Science sector.
  • This is LabCorp’s 11th transaction in the United States.
  • This is LabCorp’s 2nd transaction in Utah.

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M&A Deal Summary

Date January 24, 2008
Target Tandem Labs
Sector Life Science
Buyer(s) LabCorp
Sellers(s) DW Healthcare Partners
NWT
Deal Type Add-on Acquisition

Target Company

Tandem Labs

Salt Lake City, Utah, United States
Tandem Labs Inc. is an contract research organization (CRO) providing bioanalytical and immunoanalytical services to the pharmaceutical, biopharmaceutical and biotechnology industries to support their clinical drug development programs.
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Buyer Overview 1

Buyer

LabCorp

Burlington, North Carolina, United States

Category Company
Founded 1995
Sector Test/Measurement Equipment
Employees67,000
Revenue 13.0B USD (2024)
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 was founded in 1995 and is based in Burlington, North Carolina.


Deal Context for Buyer #
Overall 11 of 47
Sector: Life Science 7 of 22
Type: Add-on Acquisition 11 of 29
State: Utah 2 of 3
Country: United States 11 of 45
Year: 2008 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-24 NWT

Salt Lake City, Utah, United States

NWT, Inc. is a SAMHSA certified laboratory. NWT a drugs-of-abuse and adulterant testing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-24 Monogram

South San Francisco, California, United States

Monogram, Inc. is a diagnostic lab specializing in HIV resistance testing. Monogram is a provider of companion diagnostics molecular diagnostic products that help guide and target appropriate treatments.

Buy $155M

Seller Profiles 2

SELLER

DW Healthcare Partners

Park City, Utah, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

DW Healthcare Partners is a healthcare-focused private equity firm that partners with owners of mid-to late-stage companies. DW looks to invest in private, North American companies, primarily in the medical device, product, services, and specialty distribution sectors of healthcare. DW will invest from $20 to $100 million of equity capital to help facilitate growth or to fund acquisitions. DW looks for high-growth businesses with at least $6 million in EBITDA and prefers to be the majority investor. DW Healthcare Partners was formed in 2002 and is based in Park City, Utah.


Deal Context for Seller #
Overall 3 of 21
Sector: Life Science 1 of 1
Type: Add-on Acquisition 3 of 12
State: Utah 1 of 2
Country: United States 3 of 21
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 US Community Behavioral

New York, New York, United States

US Community Behavioral LLC is a provider of community-based residential and behavioral services to adults and children. The company provides a full continuum of services including supported living, licensed group homes, employment services, as well as autism and other therapy-based behavioral services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-15 BGS Pharmacy Partners

Grapevine, Texas, United States

BGS Pharmacy Partners is a national, specialty care pharmacy company, provides consulting, management and drug dispensing to the acute, sub-acute, correctional and alternate care markets.

Buy -
SELLER

NWT

Salt Lake City, Utah, United States

Category Company
Founded 1981
Sector Life Science
DESCRIPTION

NWT, Inc. is a SAMHSA certified laboratory. NWT a drugs-of-abuse and adulterant testing.


Deal Context for Seller #
Overall 1 of 1
Sector: Life Science 1 of 1
Type: Add-on Acquisition 1 of 1
State: Utah 1 of 1
Country: United States 1 of 1
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Tandem Labs

Salt Lake City, Utah, United States

Tandem Labs Inc. is an contract research organization (CRO) providing bioanalytical and immunoanalytical services to the pharmaceutical, biopharmaceutical and biotechnology industries to support their clinical drug development programs.

Buy -