What did Quest Diagnostics pay for Lenco Diagnostic Laboratories, Inc.?

Quest Diagnostics acquired Lenco Diagnostic Laboratories, Inc. for $111.0M in 2024, equivalent to 1.80x revenue. Target revenue was approximately $62.0M.

What does Lenco Diagnostic Laboratories, Inc. do?

Lenco Diagnostic Laboratories, Inc. is a laboratory services business.

What multiple did Quest Diagnostics pay for Lenco Diagnostic Laboratories, Inc.?

1.80x revenue, based on disclosed deal value of $111.0M and disclosed financials.

M&A TRANSACTION · 2024

Lenco Diagnostic Laboratories, Inc. acquired by Quest Diagnostics

$111.0M· 1.80x revenue

Target

Lenco Diagnostic Laboratories, Inc.

Acquirer

Quest Diagnostics

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$62.0M

EBITDA

—

Deal Value

$111.0M

EV/EBITDA

—

Context

This $111.0M acquisition of Lenco Diagnostic Laboratories, Inc. by Quest Diagnostics sits in the laboratory services sub-vertical. Quest Diagnostics is acquiring as a strategic buyer; see how strategic acquirers typically price laboratory services businesses on our Laboratory Services strategic buyer-pool page.

Source

Data sourced from SEC filings and CON filings. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2024). Lenco Diagnostic Laboratories, Inc. acquired by Quest Diagnostics. https://exitvalue.ai/deals/lenco-diagnostic-laboratories-inc-acquired-by-quest-diagnostics-hc-2024-0034