Laboratory Corporation of America Holdings (NYSE:LH) agreed to acquire Substantially all Assets of Invitae Corporation (OTCPK:NVTA.Q) for approximately $240 million on April 24, 2024. The purchase price for the transaction is $239 million plus other non-cash consideration. Laboratory has been selected as the winning bidder. The hearing to approve the sale is currently scheduled for May 6, 2024. With Court approval, as well as customary regulatory approvals and closing conditions, Labcorp and Invitae anticipate completing the sale process in the third quarter of 2024.

Invitae is advised in this matter by Kirkland & Ellis LLP as legal counsel, Moelis & Company LLC as investment banker, and FTI Consulting, Inc. as financial and communications advisor. Hogan Lovells and Kilpatrick Townsend are serving as Labcorp's legal counsel.