M&A Deal Summary

Poplar Healthcare Acquires Bostwick Laboratories

On May 4, 2017, Poplar Healthcare acquired life science company Bostwick Laboratories from Metalmark Capital

Acquisition Highlights
  • This is Poplar Healthcare’s 1st transaction in the Life Science sector.
  • This is Poplar Healthcare’s 1st transaction in the United States.
  • This is Poplar Healthcare’s 1st transaction in Virginia.

M&A Deal Summary
Date 2017-05-04
Target Bostwick Laboratories
Sector Life Science
Buyer(s) Poplar Healthcare
Sellers(s) Metalmark Capital
Deal Type Add-on Acquisition

Target

Bostwick Laboratories

Glen Allen, Virginia, United States
Bostwick Laboratories, Inc. is a provider of referral laboratory for prostate and urologic biopsies. Bostwick Laboratories also has expertise and a growing presence in the dermatology, gastroenterology, gynecology, and nephrology sectors of the anatomic pathology market. Bostwick Laboratories was established in and is headquartered in Glen Allen, Virginia.

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Buyer(S) 1

Buyer

Poplar Healthcare

Memphis, Tennessee, United States
Category Company
Founded 1995
Sector Life Science
DESCRIPTION

Poplar Healthcare is a laboratory services company. Poplar Healthcare provides specialized laboratory testing services to a nationwide client base of gastroenterologists, dermatologists, oncologists, urologists, gynecologists and their patients. Poplar Healthcare was founded in 1995 and is headquartered in Memphis, Tennessee.

DEAL STATS #
Overall 1 of 2
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Genetics of Memphis

Memphis, Tennessee, United States

Genetics of Memphis, Inc. is a full service clinical cytogenetics reference laboratory located in Memphis, Tennessee. The laboratory is licensed by CLIA, the State of Tennessee and is certified by College of American Pathologists (CAP); and is licensed by the State of Tennessee Board of Education as an accredited cytogenetics training facility.

Buy -

Seller(S) 1

SELLER

Metalmark Capital

New York, New York, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Metalmark Capital is an independent private equity group focused on large company transactions in a wide range of industries. Metalmark is a hands-on investment firm looking to build long-term value in its portfolio companies. Broad areas of interest include natural resources/energy, healthcare services, industrials, food, transportation, and financial services. Metalmark was established in 2004 by the former principals of Morgan Stanley Capital Partners to manage the Metalmark Capital and Morgan Stanley Capital Partners funds. Metalmark is based in New York City.

DEAL STATS #
Overall 34 of 40
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 17 of 20
State (Virginia) 2 of 3
Country (United States) 33 of 37
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 Schafer

Arlington, Virginia, United States

Schafer Corp. is a provider of scientific, advanced engineering, and technical services and products applied to defeating critical national security threats. Schafer design, integrate, maintain, and upgraded state-of-the-art systems and programs for the military, intelligence community, Department of Homeland Security, and others. Schafer was established in 1972 and is based in Arlington, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 Worldstrides

Charlottesville, Virginia, United States

WorldStrides is a provider of experiential learning to over 400,000 students per year covering academic, professional, performing arts, and athletic programming. The company partners with more than 7,000 K-12 schools and 800 universities, including MBA programs. Worldstrides was founded in 1967 and is based in Charlottesville, Virginia.

Sell -
Mergr

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