ILS Genomics

    ILS Genomics, LLC Acquired by Laboratory Corporation of America Holdings

    TAMPA, FL – July 31, 2015 – Crosstree Capital Partners is pleased to announce the sale of ILS Genomics, LLC in Morrisville, NC to Laboratory Corporation of America Holdings (“LabCorp”).

    ILS Genomics provides commercial genomics testing services involving (i) CLIA compliant studies (ii) GMP compliant studies for the evaluation, support and development of small molecules and biologics, (iii) 510K submissions relating to Medical Devices and In Vitro Diagnostic products and (iv) GLP and CLIA compliant applications for biorepository collections. The business occupies a cutting-edge CLIA-certified facility located in North Carolina’s Research Triangle Park. ILS Genomics was formed in 2012 when Integrated Laboratory Systems, Inc. acquired key assets from Beckman Coulter Genomics Inc.’s Morrisville, NC site.

    Crosstree initiated and closed this transaction as exclusive financial advisor to Integrated Laboratory Systems, Inc.

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