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2
Q3 2015
Announced M&A Transactions
Completed
Completed
Completed
September 14, 2015
September 1, 2015
August 20, 2015
Notes
Notes
Notes
True Health Diagnostics (True Health), a
clinical diagnostics laboratory focused on
preventing chronic disease, acquired
Richmond-based Health Diagnostics
Laboratory Inc. (HDL), in a court-
supervised auction, making the Frisco-
based company the largest provider in its
space. True Health’s winning bid during the
HDL’s Chapter 11 bankruptcy auction was
$37.1 million.
Inovalon Holdings (NasdaqGS:INOV)
acquired Avalere Health LLC from ABS
Capital Partners, Inc. through its fund
ABS Capital Partners V, L.P, Daniel N.
Mendelson, Tim McDonald and others
for about $140 million in cash and stock.
The purchase price is comprised of $135
million of cash and $5 million in Class A
common stock of Inovalon.
Opko Health, Inc. (NYSE:OPK) acquired
Bio-Reference Laboratories, Inc.
(NasdaqGS:BRLI) for $1.5 billion in stock.
Shareholders of Bio-Reference will
receive 2.75 shares of OPKO common
stock for each share of Bio-Reference
common stock. Opko took particular
interest in Bio-Reference Labs diagnostic
sequencing services for rare disorders
through its GeneDx business unit and its
emerging cost effective tumor sequencing
services through GenPath Oncology.
acquired
acquired
acquired
Source: Public Filings; Industry Newswires and Capital IQ as of 9/16/15