5 Acquisitions of Companies in the Health Diagnostics Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Health Diagnostics industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 5 acquisitions that took place in the Health Diagnostics industry.

Argutus Medical acquired by EKF Diagnostics

Details about the transaction:

Acquisition amount:

$3,442,471

Announcement:

8 December 2010

Details about the company:

leaders in the development of specialized assays

Headquarter:

Dublin, Dublin, Ireland

Where to find them:

Industry:

Biotechnology, Health Diagnostics

Details about the buyer:

Manufacturing point-of-care instruments for testing glucose, lactate, hemoglobin, hematocrit, and glycated hemoglobin is done by EKF Diagnostics.

Headquarter:

Penarth, Vale of Glamorgan, The, United Kingdom

Where to find them:

Dadi acquired by Ro

Details about the transaction:

Acquisition amount:

$100,000,000

Announcement:

1 March 2022

Details about the company:

Dadi provides male fertility testing, sperm storage, and at-home collection kits.

Headquarter:

Brooklyn, New York, United States

Where to find them:

Industry:

Fertility, Health Care, Health Diagnostics, Personal Health

Details about the buyer:

Digital health clinics for men's and women's health, as well as smoking cessation, are run by the telehealth firm Ro.

Headquarter:

New York, New York, United States

Where to find them:

Eden Biologics acquired by Bora Pharmaceuticals

Details about the transaction:

Acquisition amount:

$50,000,000

Announcement:

15 September 2022

Details about the company:

A biopharmaceutical business called Eden Biologics creates biosimilars and quickens the development processes for partners and customers.

Headquarter:

Hsinchu, T'ai-wan, Taiwan

Where to find them:

Industry:

Biopharma, Biotechnology, Health Care, Health Diagnostics, Medical, Pharmaceutical

Details about the buyer:

One of the top pharmaceutical firms in Taiwan is called Bora Pharmaceutical.

Headquarter:

Taipei, T'ai-pei, Taiwan

Where to find them:

HealthSmart International acquired by Convey Health Solutions

Details about the transaction:

Acquisition amount:

$77,500,000

Announcement:

10 January 2022

Details about the company:

A healthcare product firm called HealthSmart International develops, manufactures, and sells goods to improve people's wellbeing.

Headquarter:

Waukegan, Illinois, United States

Where to find them:

Industry:

Health Care, Health Diagnostics, Medical Device

Details about the buyer:

For our carrier and PBM clients, Convey Health offers complete member registration, service, administration, and wellness solutions.

Headquarter:

Sunrise, Florida, United States

Where to find them:

AltheaDx acquired by Castle Biosciences

Details about the transaction:

Acquisition amount:

$65,000,000

Announcement:

4 April 2022

Details about the company:

In addition to PCR-based services like assay development and assay validation, AltheaDx also provides molecular diagnostics.

Headquarter:

San Diego, California, United States

Where to find them:

Industry:

Biotechnology, Clinical Trials, Genetics, Health Care, Health Diagnostics

Details about the buyer:

A biotech business called Castle Biosciences creates and certifies technologies and diagnostic tests for the treatment of cancer.

Headquarter:

Friendswood, Texas, United States

Where to find them: