M&A Deal Summary

Quest Diagnostics Acquires Labtech Diagnostics

On December 14, 2021, Quest Diagnostics acquired life science company Labtech Diagnostics

Acquisition Highlights
  • This is Quest Diagnostics’ 12th transaction in the Life Science sector.
  • This is Quest Diagnostics’ 32nd transaction in the United States.
  • This is Quest Diagnostics’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2021-12-14
Target Labtech Diagnostics
Sector Life Science
Buyer(s) Quest Diagnostics
Deal Type Add-on Acquisition

Target

Labtech Diagnostics

Anderson, South Carolina, United States
Labtech Diagnostics is an independent clinical diagnostic laboratory provider serving physicians and patients primarily in South and North Carolina, Georgia and Florida. Labtech Diagnostics is based in Anderson, South Carolina.

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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 34 of 38
Sector (Life Science) 12 of 13
Type (Add-on Acquisition) 23 of 26
State (South Carolina) 1 of 1
Country (United States) 32 of 35
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 Mid America Clinical Laboratories

Indianapolis, Indiana, United States

Mid America Clinical Laboratories offer a full range of laboratory services in over 30 Patient Care Centers in Indiana. Mid America Clinical Laboratories has over 30 Patient Service Centers conveniently located throughout central Indiana, positioned to provide easy access near home or physician.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Pack Health

Birmingham, Alabama, United States

Pack Health specializes in comprehensively addressing chronic conditions and comorbidities that are influenced by mental health, lifestyle behaviors, access to care, and social determinants of health (SDOH). Pack Health was founded in 2014 and is headquartered in Birmingham, Alabama.

Buy -
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