NAMSA Announces Strategic Acquisition of Select Assets of the Early Development Medical Device Testing Business of Labcorp

Original from: PR Newswire

NAMSA, a global leader in medical device testing, clinical research, and regulatory consulting, is pleased to announce it has completed the acquisition of the Early Development medical device testing business of Labcorp (NYSE: LH), a leading provider of innovative and comprehensive laboratory services. This strategic move underscores NAMSA's commitment to advancing innovation and accelerating time-to-market for MedTech manufacturers worldwide.

As a result of the acquisition, NAMSA assumes the U.S. portfolio of services of Labcorp's Early Development medical device testing business, including biocompatibility testing, microbiological testing, analytical testing, and preclinical research.

This acquisition strengthens NAMSA's position as the industry's most comprehensive innovation partner for end-to-end medical device development, enabling clients to access expanded expertise and streamlined solutions across the product lifecycle.

Brian Smith, CEO of NAMSA notes: "This acquisition is a perfect fit for NAMSA - we serve 3,000+ MedTech companies globally in these specific areas of testing and preclinical research. I am confident we will be able to provide Labcorp's medical device clients with a smooth transition combined with the same high level of expertise and customer service current NAMSA clients have come to expect from us."  

NAMSA provides medical device testing, preclinical and clinical services, combined with comprehensive regulatory consulting to MedTech companies worldwide. The company has locations in the U.S., Europe and Asia. Future testing and preclinical projects for Labcorp's Early Development medical device clients will be performed at existing NAMSA facilities in Ohio, Minnesota, Georgia and California.

"The sale of our Early Development medical device testing business to NAMSA allows Labcorp to focus on core areas of preclinical drug development and chemical testing," said Brian Caveney, M.D., EVP and President, Early Development Research Laboratories, Labcorp. "We are pleased NAMSA will continue providing leading expertise to clients in this space and are committed to a seamless transition."

NAMSA is an ARCHIMED company; acquired by the healthcare-focused global private equity firm in 2020. This acquisition is NAMSA's 10th acquisition since becoming an ARCHIMED company.

Source: NAMSA Announces Strategic Acquisition of Select Assets of the Early Development Medical Device Testing Business of Labcorp