FTC Gives Go-Ahead To $725M Lab Testing Merger

Law360, New York (November 1, 2011, 3:53 PM EDT) -- The Federal Trade Commission on Monday cleared the $725 million sale of a unit of U.S. diagnostics provider Caris Life Sciences to Japan-based laboratory testing company Miraca Holdings Inc.

The agency granted early termination to its antitrust review after the companies’ Oct. 6 announcement of Miraca’s plans to acquire the anatomic pathology business operated by Texas-based Caris Diagnostics Inc., a Caris subsidiary with specialties including gastrointestinal pathology and dermatopathology.

An attorney for Caris declined to comment Tuesday.

Miraca, Japan’s biggest clinical diagnostics and laboratory testing services...
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