SMT, PCB Electronics Industry News
  • SMTnet
  • »
  • Industry News
  • »
  • PerkinElmer to Expand Newborn Health Through Acquisition of Pediatrix's Metabolic Screening Laboratory

PerkinElmer to Expand Newborn Health Through Acquisition of Pediatrix's Metabolic Screening Laboratory

Dec 27, 2007

WALTHAM, Mass.--(BUSINESS WIRE)--Dec. 19, 2007--PerkinElmer, Inc. (NYSE: PKI), a global leader in Health Sciences, today announced the signing of a definitive agreement with Pediatrix Medical Group, Inc. (NYSE: PDX) under which PerkinElmer will acquire the newborn metabolic screening business of Pediatrix in a cash transaction. The acquisition is expected to have no material effect on PerkinElmer's adjusted earnings per share in 2008 and be slightly accretive in 2009.

Under the terms of the agreement, PerkinElmer will acquire Pediatrix's metabolic screening laboratory and its StepOne(R) newborn screening product that is capable of analyzing more than 50 inherited disorders in newborns. Currently, Pediatrix's screening laboratory provides neonatal screening and consultative services to hospitals, medical groups, and the states of Maryland, Mississippi, Louisiana, Nebraska and Pennsylvania, as well as the District of Columbia. Since its founding in 1994, the laboratory has screened more than three million babies, and is anticipated to generate revenues of approximately $15 million in 2007.

"This announcement builds on our strategy to expand the capabilities of our Genetic Screening business to protect the health of mothers and babies from pregnancy to birth and beyond," said Gregory L. Summe, Chairman and Chief Executive Officer of PerkinElmer. The Company recently completed the acquisition of ViaCell, Inc., providing it with ViaCord(R), a leading cord blood preservation service. Summe continued, "PerkinElmer is building an enhanced capability to deliver a growing portfolio of world-class neonatal and prenatal/maternal health solutions to consumers through their healthcare professionals."

"This acquisition would expand PerkinElmer's capabilities to supply state laboratories with the most comprehensive newborn screening solutions available," said Robert F. Friel, President and Chief Operating Officer, PerkinElmer. "Adding laboratory capabilities should strengthen the partnership with our existing customers by enabling us to offer supplemental screening services for disorders beyond those currently mandated by state and federal governments. In addition, we would be able to provide our customers with supplemental support services, such as potential back-up screening capabilities in the event of emergencies."

PerkinElmer and Pediatrix Medical Group intend to collaborate on future research to identify possible applications for tandem mass spectrometry technology in prenatal and neonatal testing and diagnostics that might improve patient care. Pediatrix Medical Group will continue to operate its separate, internally developed newborn hearing screen program, a hospital-based service that screens for possible hearing loss, usually prior to a newborn's discharge.

The transaction is subject to customary closing conditions, including approval under the Hart-Scott-Rodino Act, and is expected to close in the first quarter of 2008.

Feb 06, 2009 -

PerkinElmer Expands LED Portfolio with Acquisition of Opto Technology, Inc.

Jan 30, 2009 -

PerkinElmer Announces Financial Results for the Fourth Quarter of 2008

Nov 18, 2008 -

PerkinElmer Launches Volocity 5� High Performance Imaging Acquisition and Analysis Software

Sep 16, 2008 -

PerkinElmer Launches Online Radiochemical Tool Kit To Support Customers' Critical Laboratory Requirements

Sep 16, 2008 -

PerkinElmer to Present at UBS Global Life Sciences Conference

Jul 24, 2008 -

PerkinElmer to Triple Neonatal Screening Capacity in Mexico

Jul 14, 2008 -

Dr. Alan Fletcher Joins PerkinElmer as Vice President of Bio-Discovery Business Development

Jul 08, 2008 -

PerkinElmer Appoints Its Chief Scientific Officer Daniel Marshak to Lead Greater China Operations

Jul 01, 2008 -

PerkinElmer Unveils Tailored LIMS Solutions for Water, Food and Petrochemical Laboratory Customers

Jun 16, 2008 -

PerkinElmer Receives 2008 Life Science Industry Award for Achievement in High Throughput Screening

39 more news from PerkinElmer Optoelectronics »

Jul 06, 2022 -

Offline PCBA Cleaning Machine HJS-7100,rosin flux, non-clean flux,water-soluble flux cleaning machine

Jul 05, 2022 -

Semiconductor Spray Cleaning Machine HJS-9700,Semiconductor Wafer Cleaning Machine HJS-9700

Jul 04, 2022 -

Pneumatic Stencil Cleaner HJS-9000II,dual chamber stencil cleaning machine

Jul 03, 2022 -

Electric Stencil Cleaner HJS-9500, SMT Electric Stencil Cleaner HJS-9500

Jul 01, 2022 -

Screen Cleaning Machine HJS-4600, SMT Screen Cleaning Machine HJS-4600

Jun 30, 2022 -

Electric Fixture Cleaning Machine HJS-6700, SMT pallet cleaning machine, soldering pallet cleaning machine

Jun 29, 2022 -

Waste Water Treatment Machine RWT-1000, SMT Waste Water Treatment Machine RWT-1000

Jun 28, 2022 -

Gen3's Dr Chris Hunt, CTO submits an insightful paper to the journal of Surface Mount Technology

Jun 28, 2022 -

Squeegee Cleaning Machine HJS-3700,SMT Squeegee Cleaning Machine HJS-3700

Jun 27, 2022 -

Solderstar Celebrates 20 Years of Innovation

See electronics manufacturing industry news »

PerkinElmer to Expand Newborn Health Through Acquisition of Pediatrix's Metabolic Screening Laboratory news release has been viewed 379 times

  • SMTnet
  • »
  • Industry News
  • »
  • PerkinElmer to Expand Newborn Health Through Acquisition of Pediatrix's Metabolic Screening Laboratory
ICT Total SMT line Provider

IPC Certification Training Schedule IPC Questions and answers