Navis Clinical Laboratories announced on March 7 that it acquired the clinical laboratory business of Corden Health Solutions. Oakworth Capital Bank acted as servicer and sole agent for a senior secured credit facility for Navis Clinical Laboratories. The financial terms of the acquisition were not disclosed.
Cordant Health Solutions provides tools for monitoring patients and clients in behavioral health, chronic pain and criminal justice programs. The laboratory business, which conducts drug, urine, hair and blood testing, is being sold. It is based in Denver.
Navis Clinical Laboratories, headquartered in Franklin, Tennessee, provides innovative solutions tailored for healthcare providers who treat patients with substance use disorder, chronic pain, mental health conditions and other chronic health conditions.
According to data captured in the LevinPro HC database, this acquisition represents the 29th Laboratories, MRI and Dialysis transaction of 2023.
