Inotiv Acquires Integrated Laboratory Systems (ILS)
January 10, 2022
Inotiv, Inc. (NASDAQ: NOTV) completed the acquisition of Integrated Laboratory Systems, LLC (ILS), a contract research organization based in Morrisville, North Carolina, from Sier Capital. The transaction consideration totaled $56.0 million (approximately $38.0 million cash and 429,118 Inotiv shares valued at $18.0 million); ILS reported roughly $20.0 million of revenue in 2021 and will be integrated to expand Inotiv's genetic toxicology, in vivo/in vitro toxicology, pathology, genomics, and computational toxicology capabilities.
- Buyers
- Inotiv, Inc.
- Targets
- Integrated Laboratory Systems, LLC
- Sellers
- Sier Capital
- Industry
- Healthcare Services
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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