BRIEF-Invitae Says Co Into Agreement With Labcorp For Sale Of Business-February 2024-www.financetom.com

BRIEF-Invitae Says Co Into Agreement With Labcorp For Sale Of Business

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BRIEF-Invitae Says Co Into Agreement With Labcorp For Sale Of Business

Apr 24, 2024 6:45 PM

April 24 (Reuters) - Laboratory Corporation of America

Holdings ( LH ):

* INVITAE ENTERS INTO AGREEMENT WITH LABCORP FOR SALE OF

BUSINESS

* INVITAE- LABCORP WILL ACQUIRE SUBSTANTIALLY ALL OF CO'S

ASSETS

ON GOING CONCERN BASIS FOR $239 MILLION IN CASH CONSIDERATION,

PLUS OTHER NON-CASH CONSIDERATION

* INVITAE- LABCORP AND INVITAE ANTICIPATE COMPLETING SALE

PROCESS

IN Q3 OF 2024

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