M&A Deal Summary

Lovelace Health System Acquires S.E.D. Medical Laboratories

On December 31, 2002, Lovelace Health System acquired healthcare services company S.E.D. Medical Laboratories from St. Joseph s Healthcare System

Acquisition Highlights
  • This is Lovelace Health System’s 1st transaction in the Healthcare Services sector.
  • This is Lovelace Health System’s 1st transaction in the United States.
  • This is Lovelace Health System’s 1st transaction in New Mexico.
Investment Fate
  • S.E.D. Medical Laboratories was divested to a consortium of strategic buyers in 2012.

M&A Deal Summary

Date 2002-12-31
Target S.E.D. Medical Laboratories
Sector Healthcare Services
Buyer(s) Lovelace Health System
Sellers(s) St. Joseph s Healthcare System
Deal Type Divestiture

Target

S.E.D. Medical Laboratories

Albuquerque, New Mexico, United States
S.E.D. Medical Laboratories is a nationally recognized full-service medical and federally certified drugs-of-abuse testing laboratory with a staff of 450. S.E.D. operates from a modern 50,000 square-foot facility with state-of-the-art equipment and cutting-edge technology.

Search 214,238 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

Lovelace Health System

Albuquerque, New Mexico, United States

Category Company
Founded 1880
Sector Healthcare Services
DESCRIPTION

Lovelace Health System comprises Lovelace Medical Center, Lovelace Rehabilitation Hospital, Lovelace Women's Hospital, Lovelace Westside Hospital, Heart Hospital of New Mexico at Lovelace Medical Center, Lovelace Regional Hospital-Roswell, the Lovelace Health Plan, and 11 retail pharmacy locations.


DEAL STATS #
Overall 1 of 3
Sector: Healthcare Services M&A 1 of 3
Type: Divestiture M&A Deals 1 of 2
State: New Mexico M&A 1 of 3
Country: United States M&A 1 of 3
Year: 2002 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-09 Heart Hospital of New Mexico

Albuquerque, New Mexico, United States

Heart Hospital of New Mexico independent cardiovascular medical group in the region, providing state-of-the-art care for patients statewide, and accepting most insurance programs and Medicare.

Buy $119M

Seller(S) 1

SELLER

St. Joseph s Healthcare System

Paterson, New Jersey, United States

Category Company
Founded 1867
Sector Healthcare Services
DESCRIPTION

St. Joseph's Healthcare System are a voluntary, non-profit home health care agency which is Medicare-certified and licensed by the New Jersey Department of Health. We have been providing quality health care services to the residents of the communities that we service for over 25 years.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Mexico M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2002 M&A 1 of 1