Northlane Capital Partners Acquires United States Drug Testing Laboratories
Brown Gibbons Lang & Company, a middle market investment bank, announced the acquisition of United States Drug Testing Laboratories Inc. (USDTL) by Northlane Capital Partners (NCP). USDTL provides substance abuse toxicology services worldwide for healthcare facilities, child protection agencies, the Department of Defense, legal services, research, businesses and analytical/forensic laboratories. USDTL has more than 160 employees serving more than 1,000 customers in the United States and internationally. Founded in 2003, NCP manages a $1 billion private equity fund investing in control buyouts of middle market companies based in North America. It looks for platform... Read More »
PE-Backed Solis Mammography Enters San Antonio Market With Acquisition
Solis Mammography announced on December 17 that it has expanded into San Antonio, Texas with the purchase of Avestēe Women’s Imaging Centers. Avestēe Women’s Imaging Centers was founded in 2013 by radiologist Suzanne Dabbous, MD following the FDA approval of digital breast tomosynthesis, hoping to introduce the new technology to south-central Texas. Avestēe has grown to include four centers in San Antonio, with two more in the communities of Boerne and Spring Branch, Texas. Solis Mammography, a portfolio company of Madison Dearborn Partners since August 2018, is the largest independent provider of mammography and breast health services in the United States with more than 141... Read More »
Wildcat DX Acquires Navis Clinical Laboratories
Dover, Delaware-based Wildcat DX, LLC announced on December 6 that it acquired a 100% stake in Navis Clinical Laboratories. Navis Clinical Laboratories, headquartered in Franklin, Tennessee, provides laboratory testing solutions tailored for healthcare providers who treat patients with substance use disorder, chronic pain, mental health conditions and other chronic health conditions. The company was founded in 2023. Wildcat DX has a large portfolio of healthcare companies, which include: Encore Wound Care, one of the largest mobile wound care practices in the country, servicing long term care facilities across several states; Encore Surgical Supplies which is a post... Read More »
Life Sciences Giants Face Growth and Challenges in Q3 2024 Earnings
On October 22, 2024, Quest Diagnostics and Danaher Corp. released their third-quarter earnings reports, offering a glimpse into the performance and challenges faced by these two major players in the Life Sciences market. Quest Diagnostics In Q3 2024, Quest Diagnostics reported revenues of $2.49 billion, an 8.5% increase compared to the prior year. While the adjusted earnings per share (EPS) of $2.30 beat analyst expectations of $2.26, the company’s operating income saw a slight decline of 3.3% compared to the same period last year. This mixed performance suggests that while Quest is successfully growing revenue through various initiatives, there are underlying challenges impacting... Read More »
Fullscript Buys San Francisco-Based Rupa Health
Toronto, Canada-based Fullscript has announced the acquisition of Rupa Health, a San Francisco, California-based company that helps practitioners order, track and manage more than 3,000 laboratory tests in a single interface. Launched in 2020, Rupa Health’s platform modernizes the logistics of lab work by integrating test ordering, results management and patient communication for clinics across the United States. This makes it easier for healthcare providers to access a wide range of diagnostic tools and deliver more personalized care. Today, the company serves tens of thousands of clinics. Founded in 2011, Fullscript provides supplement delivery and virtual care tools for integrative... Read More »Schedule a demo
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