West-Atlantic Partners Acquires PrecisionMed, Inc.

McKesson to Acquire Precision Medicine Group, LLC for Approximately $2.25 Billion

August 25, 2026

Healthcare Services

McKesson Corporation signed a definitive agreement to acquire Precision Medicine Group, LLC, a global provider of clinical research and biopharma commercialization services, for approximately $2.25 billion. After completion, Precision Medicine Group will report within McKesson’s Oncology & Multispecialty segment, subject to customary regulatory closing conditions.

BioIVT Acquires PrecisionMed

July 18, 2023

Healthcare Services

BioIVT, a global biospecimen solutions provider, has acquired PrecisionMed, LLC, a Carlsbad-based supplier of high-quality human biospecimens and owner of a large longitudinal cerebrospinal fluid (CSF) repository. The acquisition expands BioIVT's supply network, inventory and capacity for CSF and liquid biopsy products while PrecisionMed will continue to operate from its existing headquarters and collection sites.

Precision for Medicine Acquires Baseline Controls

June 27, 2023

Healthcare Services

Precision for Medicine has acquired Baseline Controls, a Raleigh-based project controls and project management firm, and will integrate its capabilities into Project Farma to broaden end-to-end biomanufacturing solutions for life science companies. The acquisition expands Precision for Medicine’s technical operations and project planning expertise—targeting faster, more cost-efficient manufacturing for small molecule, biologics and next-generation therapies including cell and gene therapy.

Precision Medicine Group Acquires Project Farma

January 14, 2021

Healthcare Services

Precision Medicine Group has acquired Project Farma, a bioengineering services firm specializing in biomanufacturing strategy and facility implementation with a focus on cell and gene therapies. The deal brings Project Farma's manufacturing and scale-up expertise into Precision's cell and gene therapy services (Precision ADVANCE) to expand end-to-end development, manufacturing, and commercialization capabilities.

Discovery Life Sciences Acquires East West Biopharma

November 9, 2020

Healthcare Services

Discovery Life Sciences acquired East West Biopharma, a European human biospecimen contract research organization with a large biocollection network in Ukraine. The deal expands Discovery’s biospecimen collection and clinical site footprint across Europe, strengthening its global position as a leading provider of biospecimen and related scientific services.

IVX Health Acquires Precision Healthcare

October 14, 2020

Healthcare Services

IVX Health acquired Precision Healthcare, a Nashville-based operator of 12 ambulatory infusion centers in Tennessee and northern Arkansas. The acquisition was financed with preferred equity led by Linden Capital Partners and joined by McKesson Ventures, Health Velocity Capital, and Nueterra Capital; Precision was previously a subsidiary of BAI Healthcare Services (a portfolio company of EW Healthcare Partners).