Business Wire

PHC Holdings Completes Acquisition of Anatomical Pathology Business from Thermo Fisher Scientific

Share

PHC Holdings Corporation (headquarters: Tokyo, Japan, hereafter PHCHD) today announced the completion of its acquisition of Anatomical Pathology business of Thermo Fisher Scientific Inc. (NYSE: TMO, hereafter Thermo Fisher) for approximately US$1.14 billion.

The acquired Anatomical Pathology business will operate as a new stand-alone company named Epredia that will continue to serve as a leading global provider of comprehensive solutions in the anatomical pathology field, including microscope slides, instruments and consumables.

PHCHD is a global healthcare company that offers value-added products and services across diabetes care, diagnostics, life sciences and healthcare IT. Through the acquisition of the Epredia business from Thermo Fisher, PHCHD will strengthen its diagnostics business by expanding its portfolio into oncology to support further business growth.

Michael Kloss, President and CEO of PHCHD said, “We are pleased to have completed this acquisition today and are excited to have added a leading global provider of solutions in the anatomical pathology industry to our group. Epredia brings a strong heritage in providing high-quality products and solutions that enable excellence in precision cancer diagnostics. It is a highly successful business that is already showing considerable growth and we believe we can work together to make it even more successful as part of the PHCHD group.”

James Post, President of Epredia, commented, “We are excited to join the PHCHD group and continue to serve the anatomical pathology market as Epredia. Although we have a new name, our mission remains the same: to improve lives by enhancing cancer diagnostics for patients around the world. We are excited to now be Epredia, powered by the key brands our customers have come to appreciate for their excellence and precision, such as Erie, Menzel, Microm, Shandon, and Richard Allan.”

James added, “PHCHD is a pioneer in the diagnostic field that is known for its precision solutions and we believe this is a unique opportunity for us to take our business to the next level. We are confident that this deal will help us to even more effectively meet the needs of customers. With the support and expertise of the PHCHD group, we believe we can drive further innovations and create more opportunities to enable better cancer diagnostics for patients.”

Michael explained, “This acquisition is important for the PHCHD group, as we see significant growth potential in this business and opportunities for synergies with our existing business segments. Across the world there is an increase in the need for cancer diagnostics, due to the rising incidence of cancers and greater demand for diagnostic examination in the emerging markets. This is an exciting step forward for PHCHD group as we continue to build a leading global healthcare company that can contribute to the health of society and improve the lives of people.”

About PHC Holdings Corporation

Incorporated in 2014, PHC Holdings Corporation is a global healthcare company with its products and services used in more than 125 countries. Its subsidiaries include PHC Corporation and Ascensia Diabetes Care Holdings AG. Committed to its corporate mission, “We contribute to the wellbeing of society through our diligent efforts by creating new value for all the people who wish for better health,” the company develops, manufactures, sells and services medical equipment and solutions across diabetes care, diagnostics, life sciences and healthcare IT. PHC Holdings Corporation group’s consolidated net sales in FY2018 was 186.8 billion yen with global distribution of products and services for more than 125 countries.

For further information on PHC Holdings Corporation, please visit www.phchd.com.

About Epredia

Epredia is a global leader in the anatomical pathology field, providing comprehensive solutions for precision cancer diagnostics. Powered by key brands, including Erie, Menzel, Microm, Shandon, and Richard Allan, Epredia’s portfolio includes microscope slides, instruments and consumables. Established following the acquisition by PHC Holdings in 2019, Epredia has major sites in the United States, the United Kingdom, Germany, Switzerland and China with a total of around 1,200 employees. Epredia is committed to achieving its mission to improve lives by enhancing cancer diagnostics for patients around the world.

For further information on Epredia and its products, please visit www.epredia.com/.

Contact information

Media Contact:
Masayo Okada
Corporate Communications Department
PHC Holdings Corporation
+81-3-6778-5311

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

CORRECTING and REPLACING Salesforce Selects Esri as Key Geospatial Partner20.11.2019 18:29:00 CETPress release

The first sentence of the fifth paragraph should read: Salesforce Maps will be released at Dreamforce 2019 (instead of: Salesforce Maps will be released at Dreamforce 2019 and available for purchase in February). The corrected release reads: SALESFORCE SELECTS ESRI AS KEY GEOSPATIAL PARTNER Today at Dreamforce, Esri, the global leader in mapping and location intelligence, announced that Salesforce has selected Esri as the key geospatial partner for Salesforce Maps. Salesforce is integrating Esri’s ArcGIS Living Atlas, the foremost collection of global geographic data and basemaps. Salesforce Maps users will be able to access Esri’s ArcGIS Online, the leading geospatial cloud, giving businesses the ability to analyze and visualize massive amounts of geographic and demographic data. “Geo-services are becoming mainstream. Now Salesforce customers will unlock new insights and patterns in their customer data, enabling them to ‘See What Others Can’t’ through geographic visualization, using m

MSCI Completes Private Offering of $500 Million 4.000% Senior Notes Due 202920.11.2019 17:49:00 CETPress release

MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it has successfully completed its private offering of $500.0 million aggregate amount of its 4.000% senior unsecured notes (the “Notes”) due 2029 (the “Offering”). The Notes constitute a further issuance of, are fully fungible with, rank equally with and form a single series with the $500.0 million aggregate principal amount of the 4.000% senior unsecured notes due 2029 issued on November 7, 2019. The Notes will mature on November 15, 2029. MSCI intends to use the net proceeds from the Offering, together with available cash, for the pre-maturity redemption or repurchase of $500.0 million aggregate principal amount of its 5.250% senior unsecured notes due 2024 (the “2024 Notes”) pursuant to the indenture governing the 2024 Notes (the “Redemption”). There is currently $800.0 million aggregate principal amount outstanding on the 2024 Notes. M

Mouser Electronics and Grant Imahara Explore Crowd Funding for Innovators in Newest “Engineering Big Ideas” Video20.11.2019 16:54:00 CETPress release

Today Mouser Electronics Inc. and celebrity engineer Grant Imahara unveiled the third video in the Engineering Big Ideas series, part of their award-winning Empowering Innovation Together™ program. To watch the third video in the series, go to https://mou.sr/EIT2019-3. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191120005734/en/ Join global distributor Mouser Electronics and engineer spokesperson Grant Imahara as they travel to Portland, Ore., to meet with Josh Lifton, President of Crowd Supply, in the latest Engineering Big Ideas video, part of Mouser’s Empowering Innovation Together program. Imahara and Lifton look at the processes and resources available to help innovators best determine whether it’s feasible to manufacture their ideas. To learn more, visit www.mouser.com/empowering-innovation/Engineering-Big-Ideas. (Photo: Business Wire) In part three, Imahara meets with Josh Lifton, President of Crowd Supply, a succe

Agroaceite, a subsidiary of AgroAmerica Tropical Oil Holding Corp. is Awarded the Community Impact RSPO Excellence Award 201920.11.2019 16:31:00 CETPress release

Agroaceite, a subsidiary of AgroAmerica, was awarded the Community Impact RSPO Excellence Award 2019 for the implementation of the "Human Development Center" project (HDC). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191120005702/en/ Agroaceite, a subsidiary of AgroAmerica Tropical Oil Holding Corp. was awarded the Community Impact RSPO Excellence Award 2019 for the implementation of the "Human Development Center" project (HDC). The subsidiary has donated 10ha of plantations for the construction of the project that is comprised of a Medical Clinic and school for children of workers in Southwestern Guatemala. "It reflects the company's comprehensive vision to provide access to high-quality education & health coverage," Gustavo Bolaños -AgroAmerica COO- (Photo: Business Wire) The HDC project is based on the Sustainable Development Goals ; and is executed by Agroaceite, a subsidiary of AgroAmerica Tropical Oil Holding Corp;

Sagemcom and Com Hem First to Launch Wi-Fi 6 Cable Gateway on Multi-Gigabit Broadband Market20.11.2019 16:22:00 CETPress release

THIS NEXT GENERATION HOME GATEWAY ACHIEVES BREATHTAKING PERFORMANCE AND ALLOWS COM HEM CUSTOMERS REACHING MULTI-GIGABIT SPEEDS AND EXPERIENCING ENHANCED CONNECTIVITY. Designed by Sagemcom, DOCSIS 3.1 eMTA F@st 3896 maximises the distribution over Wi-Fi and 2.5Gbps LAN of the bandwidth coming from the DOCSIS 3.1 network. This product implements a true Wi-Fi 6 solution, offering better spectrum efficiency, higher network capacity, enhanced user experience and reduced latency on the home networking. It features the latest wireless technologies including OFDMA and 1024QAM modulation and it enables multi-device usages through an efficient bandwidth sharing. It is designed to maximize the throughput for each connected device in the home, to extend the Wi-Fi range and to reduce the power consumption of the connected devices. In addition, DOCSIS 3.1 eMTA F@st 3896 offers advanced broadband services with Sagemcom Swan®.It is also available with RDK-B and its open partner ecosystem. DOCSIS 3.1 e

Lega Serie A and Lega B Come Together for Venice Floods20.11.2019 15:52:00 CETPress release

On November 12, 2019, Venice was hit very hard by floods. The water reached a level of 187 cm. Lega Serie A and Lega B have joined the Protezione Civile (Civil Protection) initiative in support of Venice through the promotion of the solidarity number 45500 (2 euros SMS, only within Italy). Lega Serie A and Lega B will then engage in the realization of a project in support of Venice, for restoration of damaged artistic, sporting and social assets, in agreement with the local institutions. On Serie A TIM matchday 13 and Serie BKT matchday 14 fundraising for Venice will be promoted in all the stadiums through the sideline LED, graphics on the big screens and the reading of a message by the speaker. The funds raised will be transferred by the operators, without any charge, to the Department of Civil Protection. The destination of the funds raised will subsequently be assessed by the specially established Guarantor Committee. View source version on businesswire.com: https://www.businesswire