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Adds a meaningful, near-term asset in prenatal diagnostics for LH; cash deal with modest size relative to LH's market cap could be earnings accretive post-integration; positive sentiment from portfolio expansion and cross-selling potential.
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Labcorp will acquire Myriad's Prenatal Health testing business for $210 million in cash plus inventory value at closing, expanding Labcorp's prenatal diagnostics footprint. The portfolio includes Prequel, Foresight, SneakPeek, and FirstGene tests, signaling a meaningful near-term uplift in Labcorp's reproductive health offerings and potential cross-selling opportunities after closing.
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