What did Quest Diagnostics pay for LifeLabs?

Quest Diagnostics acquired LifeLabs for $985.0M in 2024, equivalent to 1.40x revenue. Target revenue was approximately $710.0M.

What does LifeLabs do?

LifeLabs is a laboratory services business.

What multiple did Quest Diagnostics pay for LifeLabs?

1.40x revenue, based on disclosed deal value of $985.0M and disclosed financials.

M&A TRANSACTION · 2024

LifeLabs acquired by Quest Diagnostics

$985.0M· 1.40x revenue

Target

LifeLabs

Acquirer

Quest Diagnostics

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$710.0M

EBITDA

—

Deal Value

$985.0M

EV/EBITDA

—

Context

This $985.0M acquisition of LifeLabs 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 Press releases. 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). LifeLabs acquired by Quest Diagnostics. https://exitvalue.ai/deals/lifelabs-acquired-by-quest-diagnostics-hc-2024-0027