Tracked deals
8
8 tracked deals across 2019-2026.
Burlington, North Carolina, United States
World’s leading health care diagnostics company providing comprehensive clinical laboratory testing and end-to-end drug development services through LabCorp Diagnostics and Covance Drug Development.
Tracked deals
8
8 tracked deals across 2019-2026.
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Buyout
6 buyout · 2 divestiture
Last 6 years
Supporting Data
Labcorp announced it has acquired MLM Medical Labs (MLM), a global central and specialty laboratory provider with operations in the United States, Germany, and South Africa. The deal expands Labcorp’s wholly owned central laboratory network across four continents and strengthens biomarker and specialty testing capabilities for clinical trials; financial terms were not disclosed.
Labcorp has completed the acquisition of North Mississippi Health Services' ambulatory outreach laboratory business and will become the referral laboratory for NMHS's seven hospitals and clinic laboratories. Labcorp plans to open three new patient service centers in Tupelo, West Point and Amory to increase access to laboratory services and provide continuity of care, data tools and expanded testing capabilities in North Mississippi.
Cinven has sold an indirect minority stake in SYNLAB to strategic investor Labcorp while funds advised by Elliott have agreed to sell their direct stake to Ephios Bidco (Cinven-controlled) and reinvest proceeds to become an indirect minority shareholder alongside Cinven, Labcorp and Qatar Holding. The transactions leave Cinven as majority shareholder of SYNLAB and create opportunities for collaboration (including bringing Labcorp specialty tests to Europe); the Elliott transaction remains subject to regulatory approvals and is expected to close in early 2025.
Dynacare, a Labcorp subsidiary, has agreed to acquire Valley Medical Laboratories effective May 1, 2023. The acquisition adds Valley Medical’s network of 14 patient service locations and more than 150 staff in the Okanagan Valley, expanding Dynacare’s diagnostic and community laboratory presence in British Columbia.
Labcorp has acquired Toxikon Corporation, a Bedford, Massachusetts-based contract research organization that provides nonclinical in vivo and in vitro testing for pharmaceutical, biotech and medical device clients. The acquisition expands Labcorp Drug Development's nonclinical testing capabilities and creates a strategic Boston-area footprint; Toxikon reported approximately $40 million in annual revenue and the deal closed in December 2021.
Labcorp acquired Ovia Health, a digital women's health platform that supports family planning, pregnancy and parenting, to expand its women's health capabilities and digital offerings. The acquisition builds on a prior strategic investment from Labcorp's Venture Fund and aims to combine Labcorp's diagnostics and genetics expertise with Ovia's digital platform to improve patient experience and outcomes; terms were not disclosed.
Datavant and Ciox Health signed a definitive agreement to merge in a transaction valued at $7.0 billion, creating a combined company to be named Datavant that will be the largest neutral health data ecosystem in the United States. The deal is supported by an investor group led by New Mountain Capital with significant new investment from Sixth Street and participation from Goldman Sachs Asset Management, Roivant Sciences and other strategic and financial investors; upon closing Pete McCabe will be CEO and Travis May will be President.
LabCorp has acquired MNG Laboratories, an Atlanta-based clinical diagnostic provider specializing in neurogenetics and next-generation sequencing, from HealthEdge Investment Partners' Fund II. The acquisition expands LabCorp’s neurology and neurogenetics testing capabilities and makes MNG’s testing services available through LabCorp’s Covance drug development business.
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