Labcorp will acquire certain assets from Opko Health for up to $872 millions.

Reuters, October 15 - Labcorp (LH.N), a laboratory operator, announced on Thursday that it will acquire certain assets from a subsidiary of Opko Health OPK.O in a $722 million cash deal, and may pay up to an additional $150 million depending on revenue from prostate cancer screenings.

Shares of Opko Health rose 20% in pre-market trading.

Details are as follows:

• Under the agreement, Labcorp will acquire Opko's BioReference Health laboratory testing business, including its clinical diagnostics, women's health, urology, and prison healthcare testing divisions.

• This deal will give Labcorp access to more than 80 patient service centers and some operational assets.

• Labcorp will also acquire ownership of the BioReference 4Kscore test, which is used to assess the likelihood of aggressive prostate cancer before a patient undergoes biopsy. In 2025, this test generated $27.1 million in revenue.

• The Burlington, North Carolina-based company expects the acquired business to generate approximately $250 million in revenue during the first year following the transaction's completion.

• The transaction is subject to regulatory approval and other closing conditions. Neither party disclosed the expected closing date.

• Miami-based Opko stated that the sale will optimize its operations and allow it to focus on its biopharmaceutical business, which includes Rayaldee, its FDA-approved kidney disease treatment.

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