M&A Deal Summary

NeoGenomics Acquires Clarient

On December 30, 2015, NeoGenomics acquired healthcare services company Clarient from GE Healthcare for 275M USD

Acquisition Highlights
  • This is NeoGenomics’ 2nd transaction in the Healthcare Services sector.
  • This is NeoGenomics’ 2nd largest (disclosed) transaction.
  • This is NeoGenomics’ 2nd transaction in the United States.
  • This is NeoGenomics’ 2nd transaction in California.

M&A Deal Summary

Date 2015-12-30
Target Clarient
Sector Healthcare Services
Buyer(s) NeoGenomics
Sellers(s) GE Healthcare
Deal Type Divestiture
Deal Value 275M USD

Target

Clarient

Aliso Viejo, California, United States
Clarient, Inc. is a provider of comprehensive cancer diagnostic testing to hospitals and physicians in the pharmaceutical industry.

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Buyer(S) 1

Buyer

NeoGenomics

Fort Myers, Florida, United States

Category Company
Founded 2001
Sector Life Science
Employees2,100
Revenue 592M USD (2023)
DESCRIPTION

NeoGenomics is a clinical laboratory that specializes in cancer genetics diagnostic testing. The company’s testing services include cytogenetics, fluorescence in-situ hybridization (FISH), flow cytometry, immunohistochemistry, anatomic pathology and molecular genetic testing. NeoGenomics was founded in 2001 and is based in Fort Myers, Florida.


DEAL STATS #
Overall 2 of 6
Sector (Healthcare Services) 2 of 3
Type (Divestiture) 1 of 1
State (California) 2 of 3
Country (United States) 2 of 4
Year (2015) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-08 Path Logic

Carmichael, California, United States

Path Logic is a provider of specialized anatomic pathology services to Hospitals and physicians in Northern California.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Genoptix

Carlsbad, California, United States

Genoptix, Inc. is one of the largest hematopathology testing laboratories in the U.S., providing thousands of oncologists and pathologists across the United States with comprehensive testing solutions in hematology and solid tumor molecular profiling. Genoptix, Inc. was founded in 1999 and is based in Carlsbad, California.

Buy $126M

Seller(S) 1

SELLER

GE Healthcare

Westborough, Massachusetts, United States

Category Company
Founded 1994
Sector Medical Products
DESCRIPTION

GE Healthcare, a unit of General Electric Company is a provider of medical technologies and services. GE Healthcare has expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, performance improvement, life sciences, drug discovery, and biopharmaceutical manufacturing technologies. GE Healthcare is based in Westborough, Massachusetts.


DEAL STATS #
Overall 6 of 11
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 6 of 11
State (California) 1 of 1
Country (United States) 5 of 10
Year (2015) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-30 NeoGenomics

Fort Myers, Florida, United States

NeoGenomics is a clinical laboratory that specializes in cancer genetics diagnostic testing. The company’s testing services include cytogenetics, fluorescence in-situ hybridization (FISH), flow cytometry, immunohistochemistry, anatomic pathology and molecular genetic testing. NeoGenomics was founded in 2001 and is based in Fort Myers, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 Biosafe Group SA

Eysins, Switzerland

Biosafe Group SA is a supplier of integrated cell bioprocessing systems for the rapidly growing cell therapy and regenerative medicine industry. Company has a 20 year track-record in automated cell processing and is a recognized leader in the field with reliable applications in bioprocessing, regenerative medicine and stem cell banking. Its proprietary products offer significant advantages over conventional processing tools, with closed fluid pathways, built-in traceability and single-use consumables. The strong strategic fit and complementary business models of GE Healthcare’s Life Sciences business and Biosafe combined with expanded capabilities in product development and commercial reach, will offer significant customer and ultimately patient benefits.

Buy -