M&A Deal Summary

Quest Diagnostics Acquires Haystack Oncology

On April 27, 2023, Quest Diagnostics acquired healthcare services company Haystack Oncology

Acquisition Highlights
  • This is Quest Diagnostics’ 22nd transaction in the Healthcare Services sector.
  • This is Quest Diagnostics’ 35th transaction in the United States.
  • This is Quest Diagnostics’ 1st transaction in Maryland.

M&A Deal Summary
Date 2023-04-27
Target Haystack Oncology
Sector Healthcare Services
Buyer(s) Quest Diagnostics
Deal Type Add-on Acquisition

Target

Haystack Oncology

Baltimore, Maryland, United States
Haystack Oncology is an early-stage oncology company focused on minimal residual disease (MRD) testing to aid in the early, accurate detection of residual or recurring cancer and better inform therapy decisions. Haystack Oncology was founded in 2021 and is based in Baltimore, Maryland.

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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 37 of 38
Sector (Healthcare Services) 22 of 22
Type (Add-on Acquisition) 25 of 26
State (Maryland) 1 of 1
Country (United States) 35 of 35
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-07 Summit Health-CityMD

Novi, Michigan, United States

Summit Health-CityMD is a provider of primary and specialty care needs. Summit Health-CityMD was founded in 2004 and is based in Novi, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 LifeLabs

Toronto, Ontario, Canada

LifeLabs is a provider of more than 50 million laboratary tests to over 10 million patients and nearly 20,000 physicians across Canada. LifeLabs is based in Toronto, Canada.

Buy $985M
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