Laboratory Corp. of America Holdings has acquired publicly traded Medtox Scientific Inc. (lab testing services and drug screening diagnostics) for $244mm, or $27 per share in cash (a 35% premium). (Jun.)
Medtox was founded in 1983 as Environmental Diagnostics and began commercializing products three years later, when it acquired conventional biodiagnostics maker Granite Technological Enterprises. Through its takeover of Princeton Diagnostic...
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