M&A Report

CompuGroup Medical Makes Major LIS Play by Acquiring Schuyler House

It seems fitting that the pandemic year of 2020 should end not with a bang but a whimper. December was the slowest month in M&A deal making of not only this year but many years in recent memory with just a pair of transactions. However, the sluggish December and relative lack of deal volume in 2020 belies the strategic significance of the deals that did come down. See page X for a summary of the year’s Top 10 diagnostics M&A deals.

A Lab Information Systems Game Changer

On Dec. 7, CompuGroup Medical (CGM) announced its acquisition of Valencia, California-based lab information systems (LIS) developer Schuyler House for an undisclosed price. By adding Schuyler House’s modular reference labs and physician offices software products to its portfolio, the global eHealth solutions firm has now become the largest LIS provider in the U.S., according to a company statement.

“We are strengthening our product portfolio and our laboratory presence in the U.S.,” noted Benedikt Brueckle, CGM’s Senior Vice President U.S. & Canada. The addition of SchuyLab gives CGM greater flexibility and expertise to better serve labs performing clinical, toxicology, pain management, microbiology and molecular testing.

Here’s a summary of the only key new M&A diagnostic deals announced in December 2020:

MERGERS, ACQUISITIONS & ASSET SALES

Acquiring Company Target(s) Deal Summary
CompuGroup Medical Schuyler House
  • Price: Undisclosed
  • Status: Closed
  • Acquisition of California-based lab information systems (LIS) firm makes CGM largest LIS company in U.S.
Impact Lab Group HeartGenetic
  • Price: Undisclosed
  • Status: No closing date announced
  • Acquisition of developer of bioinformatic software and personalized genetic tests which will continue to operate under its name in Portugal, Brazil, Netherlands, Spain and Italy
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