Pharma BD Deal Intelligence

Laboratory Corporation of America Holdings / Genzyme Genetics (business unit)

2010 · Asset Purchase · $925M · Complete

CALLED IT — OFF BY 5
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The coverage arc

Sep 14, 2010 Zacks Equity Research Bullish

Zacks framed the $925M acquisition as a sound strategic fit that meaningfully expanded LabCorp's reproductive, hematology-oncology, and clinical-trials…

Dec 01, 2010 Federal Trade Commission Bearish

The FTC challenged a separate LabCorp acquisition (Westcliff) the same year, signaling regulatory scrutiny of the duopolistic LabCorp/Quest market position…

Dec 01, 2010 LabCorp Investor Relations Bullish

LabCorp confirmed close on December 1, 2010, citing immediate accretion to esoteric/molecular testing capacity and ~$795M net cash cost after tax benefits.

Source summaries from our enrichment pipeline; follow links for originals.

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LabCorp agreed to acquire Genzyme's Genetics business for $925M cash. 2009 revenue ~$371M with 9 testing labs and ~1,900 employees. Closed December 1, 2010.

Did it work? Outcome assessment

Strategic verdict
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Key facts

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