Laboratory Corporation of America (“LabCorp”) acquired the regional laboratory business of Access Medical Laboratories (“Access”).
Access, based in Jupiter, Florida, maintains a leading market share in clinical laboratory testing within certain counties along the East Coast of Florida.
This transaction expands LabCorp’s presence within certain lucrative markets within the Florida market.
LabCorp intends to move the testing volume to LabCorp’s regional processing facility, thereby benefiting from significant cost synergies.
Crosstree Capital Partners acted as exclusive financial advisor to Access.