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Labcorp Holdings Inc to acquire BioReference Health assets for $722 million

Nasdaq +3 ·

OPK
OPK Opko Health Inc
$1.37 +3.79%
View chart & analysis →
LH LH +1.18%
  1. 1Labcorp Holdings Inc has agreed to acquire certain assets of BioReference Health for $722 million in cash.
  2. 2Opko Health Inc shares rose 20% during Thursday pre-market trading.
  3. 3BioReference Health's laboratory testing business is projected to have annual revenue of approximately $250 million in the first year following closing.

So what's the key point?

Labcorp Holdings Inc decided to buy BioReference Health's assets for $722 million. Following this news, Opko Health Inc's stock price rose by 20%.

Source Nasdaq +3 · View original ↗

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