M&A Deal Summary

Quest Diagnostics Acquires American Medical Laboratories Inc

On February 7, 2002, Quest Diagnostics acquired healthcare services company American Medical Laboratories Inc from GTCR for 500M USD

Acquisition Highlights
  • This is Quest Diagnostics’ 1st transaction in the Healthcare Services sector.
  • This is Quest Diagnostics’ 6th largest (disclosed) transaction.
  • This is Quest Diagnostics’ 1st transaction in the United States.
  • This is Quest Diagnostics’ 1st transaction in Virginia.

M&A Deal Summary

Date 2002-02-07
Target American Medical Laboratories Inc
Sector Healthcare Services
Buyer(s) Quest Diagnostics
Sellers(s) GTCR
Deal Type Add-on Acquisition
Deal Value 500M USD

Target

American Medical Laboratories Inc

Chantilly, Virginia, United States
American Medical Laboratories Inc. provides esoteric testing services to various healthcare professionals, and esoteric and routine laboratory testing services in the geographic markets of metropolitan Washington, D.C.; and Nevada.

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Buyer(S) 1

Buyer

Quest Diagnostics

Secaucus, New Jersey, United States

Category Company
Founded 1967
Sector Healthcare Services
Employees50,000
Revenue 9.3B USD (2023)
DESCRIPTION

Quest Diagnostics is a provider of diagnostic information services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic information services through its network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics was founded in 1967 and is based in Secaucus, New Jersey.


DEAL STATS #
Overall 1 of 38
Sector (Healthcare Services) 1 of 22
Type (Add-on Acquisition) 1 of 26
State (Virginia) 1 of 1
Country (United States) 1 of 35
Year (2002) 1 of 1
Size (of disclosed) 6 of 9
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-26 Unilab

Fullerton, California, United States

Unilab Corp is an independent provider of clinical laboratory testing services in California through its primary testing facilities in Los Angeles, San Jose and Sacramento and over 400 regional service and testing facilities located throughout the state. Unilab also operates in the state of Arizona.

Buy -

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 85
Sector (Healthcare Services) 2 of 16
Type (Add-on Acquisition) 6 of 41
State (Virginia) 1 of 3
Country (United States) 7 of 82
Year (2002) 1 of 1
Size (of disclosed) 26 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-07 DigitalNet

Herndon, Virginia, United States

DigitalNet was a provider of managed government network services, government information security solutions and application development and integration services to U.S. government defense, intelligence and civilian federal government agencies. This government technology company also provided seat management services and monitoring and maintenance of government computer systems on a per-desktop basis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-14 Syniverse

Tampa, Florida, United States

Syniverse is a provider of technology and business solutions for the global telecommunications industry. Syniverse makes mobile work for more than 900 mobile operators, cable and Internet providers, and enterprises in over 160 countries. Syniverse was founded in 1987 and is based in Tampa, Florida.

Buy -