Labcorp to Buy BioReference Health Assets: $722 Million Cash, Up to $150 Million Earnout

Labcorp will pay $722 million in cash at closing, subject to a revenue-based adjustment, plus a potential earnout of up to $150 million for selected BioReference Health assets. Labcorp announced the agreement Thursday, Oct. 15. It will pay $722 million in cash at closing, with the amount subject to an adjustment based on the businesses’ revenue at that time. A further payment of up to $150 million may be made based on revenue from the 4Kscore Test. The acquired portfolio includes more than 80 patient service centers and the 4Kscore Test. The FDA-approved blood test helps assess the risk of aggressive prostate cancer before a biopsy decision. Labcorp expects the acquired business to generate about $250 million in revenue in its first year after closing.

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