has sold substantially all of the assets of its Talon Division and Long-Term Care Division to Laboratory Corporation of America and Amerithon, respectively, via a Chapter 11 $363 sale.

Duff & Phelps Advised Medlab in a §363 Sale Transaction

Laboratory Partners, Inc. (“Medlab” or the “Company”), has successfully sold substantially all of the assets of its Talon Division to Laboratory Corporation of America Holdings (“LabCorp”) on February 18, 2014 and its Long-Term Care Division to Amerithon on October 3, 2014.

About Medlab

Medlab is a provider of clinical laboratory and anatomic pathology services to healthcare facilities primarily in the Midwest. The Company operates 20 laboratory facilities with 27 offices across eight states and the District of Columbia and has 1,034 employees. The Company completes approximately six million laboratory tests annually and is comprised of the Long-Term Care Division and Talon Divisions. On October 25, 2013, Medlab voluntarily filed for Chapter 11 bankruptcy protection in the State Bankruptcy Court for the District of Delaware.

About LabCorp

LabCorp operates as an independent clinical laboratory company worldwide. It offers a range of clinical laboratory tests, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, Pap tests, hemoglobin A1C, PSA, STD tests, HCV tests, microbiology cultures and procedures and alcohol and other substance-abuse tests.

About Amerithon

Amerithon is a joint venture between funds managed by senior secured lender Marathon Asset Management and American Health Associates Inc. (“AHA”), a clinical reference laboratory located in Ft. Lauderdale, Florida that services a broad spectrum of healthcare facilities, including skilled nursing facilities and assisted living facilities.

Transaction Role

Duff & Phelps was retained by the Company as the exclusive M&A advisor in the sale of the Company’s Talon and Long-Term Care divisions via §363 of the Bankruptcy Code.

2014-02-19T00:00:00.0000000 /-/media/assets/images/transactions/2016/medlab.ashx /about-us/transactions/m-and-a/sell-side-advisor-laboratory-partners-inc case study {D59CA77E-C551-45A3-BE89-F567210C5A60} {DC6234F2-03B5-4F3D-9CDE-146A80B170AD} {D3AE3EC6-3254-4441-B111-1AF8D558906C} {6B6F3B01-98A6-4BC2-B2CD-CBD127447FB5} {DF0A8D82-EB98-4261-8951-BF842E034FA8}

Related Services

Duff & Phelps Corporate Finance

Corporate Finance

Comprehensive support throughout mergers and acquisitions and other corporate transactions.

Corporate Finance
Duff & Phelps Corporate Finance

Corporate Finance

Healthcare M&A

Healthcare expertise for middle-market M&A transactions.

Healthcare M&A
Duff & Phelps Corporate Finance

Corporate Finance

Transaction Advisory Services

Seamless analytical advisory through the deal continuum, from transaction origination to closing.

Transaction Advisory Services
Duff & Phelps Corporate Finance

Corporate Finance

Fairness and Solvency Opinions

Independent opinions for boards of directors and special committees.

Fairness and Solvency Opinions

Related Case Studies

Duff & Phelps Achieves Successful Turnaround of Dreamland

Duff & Phelps achieved a business turnaround following 18 months of trading, during which time the theme park and additional properties were developed through investment of £35m. Exit was via CVA which enabled dividend to be paid to unsecured creditors.

Insights

Events