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news.Frazier Healthcare has purchased Laboratory Supply Company (LABSCO), a supplier of diagnostic instrumentation and clinical laboratory products to hospitals, physician office laboratories, reference labs and other non-acute care settings in the US.
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Activus Healthcare Solutions founder and former CEO and General Medical CEO Steve Nielsen will become Chairman and CEO while former president and CEO of PolyRemedy Dan Eckert will become president and COO of LABSCO.
The founder of LABSCO, Charlie Davis, will remain on the LABSCO Board and will continue to work with the management team during the ownership transition.
Frazier provides growth equity and venture capital to high growth and emerging healthcare service, biopharma and medical device companies.