M&A Deal Summary

Strand Life Sciences Pvt. Acquires Quest Diagnostics - India Diagnostics Business

On October 5, 2018, Strand Life Sciences Pvt. acquired healthcare services company Quest Diagnostics - India Diagnostics Business from Quest Diagnostics

Acquisition Highlights
  • This is Strand Life Sciences Pvt.’s 1st transaction in the Healthcare Services sector.
  • This is Strand Life Sciences Pvt.’s 1st transaction in the United States.
  • This is Strand Life Sciences Pvt.’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2018-10-05
Target Quest Diagnostics - India Diagnostics Business
Sector Healthcare Services
Buyer(s) Strand Life Sciences Pvt.
Sellers(s) Quest Diagnostics
Deal Type Divestiture

Target

Quest Diagnostics - India Diagnostics Business

Madison, New Jersey, United States
Quest Diagnostics, Inc. - India Diagnostics Business is a provider of medical diagnostics services.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Strand Life Sciences Pvt.

Bangalore, India

Category Company
Sector Life Science
DESCRIPTION

Strand Life Sciences Pvt. Ltd. is a privately held India-based genomic profiling company that uses next-generation sequencing (NGS) technology aimed at empowering cancer care.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Quest Diagnostics

Secaucus, New Jersey, United States

Category Company
Founded 1967
Sector Healthcare Services
Employees45,000
Revenue 9.9B USD (2024)
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 3 of 4
Sector: Healthcare Services M&A 2 of 3
Type: Divestiture M&A Deals 3 of 4
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 PhenoPath P

Seattle, Washington, United States

PhenoPath PLLC is a provider of specialized anatomic pathology (AP) and related services. PhenoPath provides AP, molecular oncology and other services that complement and extend those of the company's Advanced Diagnostics portfolio of services. These include services, such as genetic sequencing and genomic tumor analysis, which require higher-order expertise and skill. PhenoPath PLLC was founded in 1998 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 Provant Health

Olathe, Kansas, United States

Provant Health is a provider of employer health and wellness services focused on whole-person wellness and care cost management.

Buy -