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StatLab Medical Products Acquires Poly Scientific R&D
McKinney, Texas-based StatLab Medical Products announced that it has acquired Poly Scientific R&D. Poly Scientific is one of the leading manufacturers of chemicals, stains and reagents for histology, cytology and microbiology, as well as other items for in-vitro diagnostic testing. The company was founded in 1969 and is based in Bay Shore, New York. StatLab Medical Products, an Audax Private Equity and Linden Capital Partners portfolio company, is a McKinney, Texas-based developer and manufacturer of histology, cytology and immunohistochemistry diagnostic products. The company partners with anatomic pathology laboratories to provide easy access to more than 3,500... Read More »
Sonic Healthcare Acquires Dr. Risch in Switzerland
Sonic Healthcare announced this week that it agreed to pay CHF 117 million (approximately $131.7 million USD) for the acquisition of Dr. Risch. Dr. Risch is a Switzerland-based second-generation family business. Since its founding in 1970, the laboratory has developed into a leading partner in the field of laboratory medicine diagnostics and today has 16 networked competence centers in Switzerland and Liechtenstein. The company has about 650 employees. Founded in 1987, Sonic Healthcare is a global medical diagnostics company providing laboratory, pathology and radiology services. It has a presence in Australia, New Zealand, United States, United Kingdom, Germany, Switzerland,... Read More »
Ginkgo Bioworks Makes 3 Acquisitions
Last week, Ginkgo Bioworks, a Boston-based Biotechnology company, announced that it completed three transactions. The first transaction is the acquistion of Patch Biosciences. Patch Biosciences has developed an artificial intelligence platform for sequence design that could create more effective, specific and durable genetic medicines. The company was backed by venture and investment firms Andreessen Horowitz, Casdin Capital and S32. The second acquisition is of Reverie Labs. Headquartered in Cambridge, Massachusetts, Reverie Labs is a cancer therapeutics biotechnology company that built and used artificial intelligence (AI) and machine learning tools to accelerate drug... Read More »
RadNet Acquires 7 Imaging Centers from Houston Medical Imaging
RadNet, Inc. announced that it has acquired seven imaging centers in the Houston, Texas MSA from Houston Medical Imaging (HMI). This acquisition marks RadNet’s entry into the Houston area and is anticipated to close during Q2 2024. HMI is a radiologist-owned and operated diagnostic imaging clinic offering a full array of diagnostic and therapeutic imaging services to the Houston MSA since its inception in 1998. RadNet, Inc. is a provider of freestanding, fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States. RadNet has a network of 366 owned and/or operated outpatient imaging centers.... Read More »
Oncology Powerhouse Guardant Health Sees Stock Drop on Earnings Report
Guardant Health, a precision oncology company focused on helping conquer cancer globally, came out with its fourth quarter and full year 2023 results late last week. The Palo Alto, California-based company has topped consensus revenue estimates four times over the last four quarters. The company announced a 25% surge in revenue last year, from about $450 million in FY 2022 to $564 million in FY 2023. Its fourth-quarter revenues rose 22% year over year, driven by a 29% boost in clinical test volume during the same period. Notably, the company’s core liquid biopsy and tissue tests, Guardant360 and Guardant TissueNext, have solidified its presence across nearly all major insurers in the... Read More »Schedule a demo
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