Health care firm expands with acquisition worth at least $125M

Fort Myers-baed NeoGenomics purchases Genoptix of Carlsbad, Calif., to expand its footprint into oncology practices.


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  • | 5:30 a.m. December 13, 2018
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NeoGenomics chairman and CEO Douglas VanOort
NeoGenomics chairman and CEO Douglas VanOort
  • Charlotte–Lee–Collier
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FORT MYERS —  NeoGenomics, a cancer-focused genetic testing services firm headquartered in Fort Myers, has completed the acquisition of the parent company of Genoptix Inc. of Carlsbad, Calif.

It paid $125 million in cash, as adjusted by working capital and other adjustments, and 1 million shares of NeoGenomics common stock, according to a release. Genoptix, a private company founded in 1999, is a leading clinical oncology laboratory specializing in hematology and solid tumor testing.

 

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