BioLife Solutions Acquires SciSafe
September 21, 2020
BioLife Solutions, Inc. (NASDAQ: BLFS) has entered into a definitive agreement to acquire SciSafe, a privately held multi-facility biostorage provider serving the cell and gene therapy and pharmaceutical industries. BioLife will pay $15 million cash and $15 million in newly issued BioLife common shares for 100% of SciSafe, with up to 626,000 additional shares earnable based on revenue milestones; the deal is expected to close on September 30.
- Buyers
- BioLife Solutions, Inc.
- Targets
- SciSafe
- Sellers
- SciSafe shareholders
- Industry
- Healthcare Services
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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