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news.Healthcare focused private equity firm DW Healthcare Partners has sold of one of its portfolio companies, Tandem Labs, to Laboratory Corporation of America Holdings or LabCorp.
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Tandem Labs is a bioanalytical and immunoanalytical contract research organization (CRO) supporting pharmaceutical and biotechnology companies with their discovery, preclinical, and clinical drug development programs.
The sale of Tandem Labs generated approximately a return of 6.9 times the invested capital for DW Healthcare’s investors.