Laboratory Supply Company (LABSCO), formerly a portfolio company of Frazier Healthcare Partners, was acquired by McKesson Corporation, which supplies products to the healthcare industry. The deal closed on May 13, 2016. Terms were not disclosed. LABSCO provides laboratory solutions to community hospitals and large physician offices.
On May 13, 2016, Laboratory Supply Company (“LABSCO”) was acquired by McKesson Corporation (“McKesson”) (NYSE: MCK), a leading provider of pharmaceuticals, medical supplies and HCIT solutions to the healthcare industry in the United States and internationally.
LABSCO, a portfolio company of Frazier Healthcare Partners (“Frazier”), is a nationally recognized provider of best-in-class laboratory solutions to community hospitals, large physician offices and specialty regional laboratories. LABSCO uniquely serves as an exclusive sales agent for leading manufacturers, to improve lab efficiency and patient care by enhancing clinical, operational and financial outcomes.
Cain Brothers was selected as the exclusive financial advisor to LABSCO given Cain Brothers’ deep domain expertise and proven track record in achieving superior results for its clients. Cain Brothers was integrally involved in structuring and negotiating key deal terms.