Laboratory Industry Report

The global mergers and acquisitions (M&A) market for labs is off to a strong start in 2008. "Over the past few years, we’ve typically seen four to seven M&A transactions during the first quarter, and the first quarter of 2008 has had seven—four clinical chemistry and three esoteric testing focused transactions valued at nearly $38 million," said Michael Guerrero of Crosstree Capital Partners Inc. (Tampa, Fla.). "The amount of activity seems to be on track for another 30 to 40 transactions for the year despite the current economic climate."