Overview

On December 11, 2012, Crosstree Capital Partners announced the sale of Pacific Physicians Laboratory, Inc. In Lynnwood, Washington to Laboratory Corporation of America Holdings (“LabCorp”).

Pacific Physicians Laboratory is a leading clinical and anatomic pathology laboratory serving clients throughout the Pacific Northwest, in addition to the State of Alaska.

Significance

Through this acquisition, LabCorp gains access to a rapidly growing and diversified base of physician practice clientele throughout the Pacific Northwest, including the state of Alaska, served from a network of sixteen draw sites and two laboratories.

Crosstree’s Role

Crosstree Capital Partners served as exclusive financial advisor to Pacific Physicians’ Laboratory.

Crosstree managed a competitive sale process targeting capable, synergistic strategic buyers with an interest in expanding within the attractive Pacific Northwest US market.