Published on 8 Nov 2022 on Benzinga via Yahoo Finance
EXCLUSIVE: Avalon GloboCare Acquires Majority Stake In Premier Reference Laboratory
Avalon GloboCare Corp (NASDAQ: AVCO) has agreed to acquire a 60% interest in Laboratory Services MSO LLC, a premier reference laboratory.
What Happened: Total consideration for the acquisition will be $31 million, including $15 million in cash, $15 million in series B preferred shares, and $1 million payable after one year of the closing of the transaction