OPKO Health (OPK) to Restructure After Asset Buyout by Labcorp [Yahoo! Finance]
Opko Health, Inc. (OPK)
Last opko health, inc. earnings: 2/26 04:05 pm
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Source: Yahoo! Finance
Per the agreement terms, select assets of BioReference Health, a wholly-owned subsidiary of OPKO Health, will be acquired by Labcorp. The transaction, expected to close in the second half of 2024, is subject to customary closing conditions and applicable regulatory approvals. The assets that will be acquired from OPKO Health currently generate approximately $100 million in annual revenues. The latest announcement is expected to enable OPKO Health to strengthen its foothold in the biopharmaceutical space. Rationale Behind the Agreement Through the transaction, OPKO Health's BioReference Health's laboratory testing businesses focused on clinical diagnostics and reproductive and women's health across the United States outside of New York and New Jersey will be acquired by Labcorp. The transaction includes patient service centers and certain customer contracts and operating assets. However, BioReference Health will continue to offer oncology and urology diagnostic services nat
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News
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- OPKO Health, Inc. (NASDAQ: OPK) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
- OPKO Health, Inc. (NASDAQ: OPK) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $1.50 price target on the stock.MarketBeat
OPK
Earnings
- 2/27/24 - In-Line
OPK
Sec Filings
- 3/29/24 - Form 4
- 3/29/24 - Form 4
- 3/29/24 - Form 4
- OPK's page on the SEC website