M&A
confidence high
sentiment positive
materiality 0.90
OPKO to sell BioReference lab testing unit to LabCorp for $722M cash plus up to $150M 4Kscore earnout
OPKO HEALTH, INC.
- LabCorp (Buyer) to pay OPKO/BioReference $722,000,000 in cash at closing, subject to upward or downward adjustment based on Business revenues at closing; no financing condition.
- Additional earnout of up to $150,000,000 in cash over up to ten years tied to LabCorp's revenue from the 4Kscore prostate cancer test.
- Assets sold include BioReference clinical/anatomic pathology testing in clinical and women's health, urology and corrections, plus the 4Kscore Test and its FDA PMA and trademark.
- Closing conditioned on HSR antitrust clearance; outside date April 14, 2027, extendable by mutual agreement. Buyer owes a $28,880,000 termination fee if required government approvals fail.
- OIG Determination was obtained as of the October 14, 2026 agreement date; Seller agreed to a no-shop covering alternative transactions.