LabCorp completes $670M sale of Covance Food Solutions

The acquisition of Covance Food Solutions by a European firm from Burlington-based LabCorp (LH: NYSE) is final. The $670 million deal, which Triad Business Journal reported in April, transfers ownership of the food testing company to Eurofins Scientific, a bioanaylitical testing firm located in Luxembourg.  Eurofins Scientific (EUFI: PA) CEO Giles Martin said the opportunity to acquire such a high quality asset as Covance represents a clear milestone for his firm, pushing it further along in its…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news