DW Healthcare Partners has sold NWT Inc. (aka Tandem Labs) to Laboratory Corp. of America Holdings (LH) for $76 million in cash. Tandem Labs is a Salt Lake City-based bioanalytical and immunoanalytical contract research organization, supporting pharma and biotech companies.
The sale generated a 6.9x return on invested capital for DW Healthcare over a 34-month period. William Blair & Co. managed the process. www.tandemlabs.com