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Myriad Genetics To Sell Prenatal Health Testing Business To Labcorp

By Reuters News

Oct 20 (Reuters) -

  • MYRIAD GENETICS AND LABCORP ANNOUNCE DEFINITIVE AGREEMENT FOR MYRIAD TO SELL PRENATAL HEALTH TESTING BUSINESS TO LABCORP

  • TO SELL PRENATAL HEALTH TESTING BUSINESS TO LABCORP FOR $210 MILLION CASH PLUS INVENTORY

  • LABCORP EXPECTS $160 MILLION REVENUE ADDITION AND SLIGHTLY ACCRETIVE TO ADJUSTED EARNINGS IN YEAR ONE FROM DEAL

  • DEAL EXPECTED TO CLOSE BY EARLY 2027 PENDING REGULATORY CLEARANCE

Further company coverage: LH.N

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