MIAMI – Sept. 20, 2024 – Global law firm Greenberg Traurig, P.A. advised OPKO Health Inc., a Miami-based multinational biopharmaceutical and diagnostics company, in the $237.5 million sale of select assets of its wholly owned subsidiary, Bioreference Health, to Labcorp.
The transaction, completed Sept. 16, is expected to provide patients, physicians, and customers with greater access to Labcorp's services and expand testing capabilities in key regions nationally, according to Labcorp.
The deal includes BioReference Health's reproductive and women's health laboratory testing business in the United States, excluding New York and New Jersey. It includes certain patient service centers, customer contracts, and operating assets, which generate about $100 million in annual revenue.
Greenberg Traurig Miami Corporate Practice Shareholders Robert L. Grossman and Drew M. Altman worked closely with OPKO In-house Counsel Camielle Green Owens. Grossman is also co-founder and chair of the firm’s Israel Practice, while Altman co-chairs the Miami Corporate Practice.
Other attorneys who assisted in the transaction include Miami Corporate Associate Caitlin Calvo, New York Corporate Shareholder Stephen M. Pepper, Washington, D.C., Corporate Of Counsel Rebecca Tracy Rotem, and Sacramento Litigation Associate Alexander L. Nowinski.
About Greenberg Traurig’s Corporate Practice: Greenberg Traurig’s Corporate Practice comprises more than 600 lawyers in the United States, Europe, Asia, the Middle East and Latin America who regularly advise public and privately held companies, entrepreneurs and investment funds on global mergers and acquisitions, corporate restructurings, private equity and venture capital, underwritten and syndicated offerings, commercial finance and syndicated lending, cross-border transactions, and general corporate matters. The group’s industry experience includes transactions in a wide range of fields, from the pharmaceutical, medical devices, and life sciences fields, to representations involving clients in the aviation, banking, consumer products, energy, food and beverage, health care, manufacturing, media, technology, and telecommunications sectors.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.