European Company Offers $255 Million For KC-Area Medical Testing Firm

Viracor-IBT Laboratories Inc., a Lee’s Summit company that specializes in immunology, infectious disease and allergy testing, has received a $255 million purchase offer from Eurofins Scientific, a publicly traded European company.

Viracor is primarily owned by Ampersand Capital, a private equity firm that focuses on the health care sector. Viracor-IBT’s workforce of nearly 270 employees will be retained, and the company will continue to use the Viracor-IBT name, the companies said in a news release. The deal, which opens a new U.S. market for Eurofins, is expected to be completed within 60 days.

Viracor-IBT, which expects 2014 revenues of more than $80 million and earnings of $25 million, provides laboratory testing results to more than 4,000 health care providers, 550 institutional clients and 12 pharmaceutical companies.

Read more from the Kansas City Star

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