Labcorp Completes $375M Acquisition of Millennium Health

Labcorp has completed its acquisition of specialty laboratory Millennium Health for $375 million, according to a Labcorp news release. The deal includes $245 million payable in cash at closing and up to $130 million in additional consideration contingent on future events. Millennium Health specializes in toxicology testing that helps clinicians monitor patients with chronic pain, substance use disorders and mental health conditions by tracking prescription medication and illicit drug use. Labcorp said the combination will expand its toxicology capabilities and give Millennium's patients and clinicians access to Labcorp's testing options, patient service centers and digital tools.

Behavioral Health