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BioWorld - Tuesday, March 3, 2026
Home » Keywords » Ortho Clinical Diagnostics Holdings plc

Items Tagged with 'Ortho Clinical Diagnostics Holdings plc'

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Chess board and pieces, blocks spelling out M&A

Two diagnostic deals valued at a combined $6.5B close out 2021

Dec. 27, 2021
By Annette Boyle
Quidel Corp. reported a definitive agreement to acquire Ortho Clinical Diagnostics Holdings plc in a nearly $6 billion deal expected to close in the first half of 2022. The $24.68 per share offered by Quidel represents a nearly 25% premium over Ortho’s closing price as of Dec. 22. Quidel will also assume $2 billion in debt. In addition, Laboratory Corp. of America Holdings (Labcorp) said it would acquire Baltimore-based Personal Genome Diagnostics Inc., which offers a portfolio of genomics-based liquid biopsy and tissue-based diagnostic products, for $450 million in cash at closing plus up to $125 million contingent on achieving specific performance milestones. That deal is also expected to close in the first half of 2022, pending approval by both companies’ shareholders.
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