Add-on Acquisition • Life Science

Premier Biotech Acquires DesertTox

On June 6, 2024, Premier Biotech acquired life science company DesertTox

Acquisition Context
  • This is Premier Biotech’s 1st transaction in the Life Science sector.
  • This is Premier Biotech’s 1st transaction in the United States.
  • This is Premier Biotech’s 1st transaction in Arizona.

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M&A Deal Summary

Date June 6, 2024
Target DesertTox
Sector Life Science
Buyer(s) Premier Biotech
Deal Type Add-on Acquisition

Target Company

DesertTox

Scottsdale, Arizona, United States
DesertTox provides certified laboratory testing services for the Substance Abuse and Mental Health Services Administration (“SAMHSA”). The company serves customers throughout the United States across a broad range of end markets, including HHS/DOT, employment, occupational health, and government markets. DesertTox is based in Scottsdale, Arizona.
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Buyer Overview 1

Buyer

Premier Biotech

Minneapolis, Minnesota, United States

Category Company
Founded 2009
Sector Life Science
DESCRIPTION

Premier Biotech is a provider of point-of-care and rapid drugs of abuse diagnostic testing devices supported by an accredited laboratory. The Company’s products and corresponding laboratory services are used in the workplace (hiring and safety applications), government (child and family services, criminal justice, corrections and DOT applications) and clinical (medication monitoring) segments. Premier Biotech was founded in 2009 and is based in Minneapolis, Minnesota.


Deal Context for Buyer #
Overall 1 of 2
Sector: Life Science 1 of 1
Type: Add-on Acquisition 1 of 2
State: Arizona 1 of 1
Country: United States 1 of 2
Year: 2024 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-05 National Test Systems

Boca Raton, Florida, United States

National Test Systems provides point-of-care diagnostic testing products and services to healthcare providers, laboratories, government programs, and workplace testing operators. The Company offers rapid tests for drugs of abuse, infectious diseases, fertility, and other diagnostic needs, along with program management and lab-network support. National Test Systems was established in 2008 and is headquartered in Boca Raton, Florida.

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