Published on 1 Apr 2024 on Zacks via Yahoo Finance
OPKO Health (OPK) to Restructure After Asset Buyout by Labcorp
OPKO Health, Inc. OPK recently entered into an agreement with Laboratory Corporation of America Holdings, Inc. LH or Labcorp. Per the agreement terms, select assets of BioReference Health, a wholly-owned subsidiary of OPKO Health, will be acquired by Labcorp.
The transaction, expected to close in the second half of 2024, is subject to customary closing conditions and applicable regulatory approvals.
The assets that will be acquired from OPKO Health currently generate approximately $100 million in annual revenues.