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LabCorp Acquires Bode Technology.

MANews-(C)2009-2014

US-based diagnostic technologies provider Laboratory Corp. of America Holdings (LabCorp) (NYSE: LH) said it has closed its acquisition of Bode Technology Group, Inc. from SolutionPoint International, Inc.

As a wholly-owned subsidiary of LabCorp, Bode Technology and its division Chromosomal Labs will continue to provide specialised forensic DNA analysis, proprietary DNA collection products, and relationship testing to an international market.

The unit will work in combination with LabCorp's US and UK-based DNA Identity and Cellmark Forensics businesses, part of LabCorp's Specialty Testing Group.

Under the new combined businesses, Cellmark Forensics and Bode Technology will provide DNA testing services to federal and state governments, law enforcement agencies, crime laboratories, disaster management organizations, and various consumer markets throughout the United States and around the world.

Laboratory Corp. of America Holdings is engaged in commercialising new diagnostic technologies, with a focus on genomic testing.

The company posted revenues of USD 5.8bn in 2013, and has more than 34,000 employees worldwide.

Country: USA

Sector: Healthcare

Target: Bode Technology Group, Inc

Buyer: Laboratory Corp. of America Holdings

Deal size in USD:

Type: Corporate acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Date:Dec 5, 2014
Words:189
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