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bioMérieux to Pay $114.5 Million for Majority Stake in Suzhou Hybiome

publication date: Nov 9, 2018

bioMérieux, a French in vitro diagnostics company, acquired a majority stake in Suzhou Hybiome Biomedical Engineering for $114 million. Hybiome specializes in automated immunoassay tests. Its installed base includes about 1,000 active instruments, which are used primarily in tier 2 China hospitals (100 to 500 beds). Based on a $187 million valuation for Hybiome, bioMérieux paid $101 million for its 54% stake, plus $13.5 million for additional assets such as distribution rights and existing installed base. More details....

Stock Symbol: (Paris: BIM)

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