Kindbody Acquires Leading Genomics Company Phosphorus Labs, Will Add Genetic Testing And Carrier Screening To Its End-To-End Care Delivery Model
Jun 07, 2022•over 3 years ago
Acquiring Company
Kindbody
Acquired Company
Phosphorus Labs
Description
Kindbody, a leading fertility and family-building benefits provider for employers offering comprehensive virtual and in-person care, announced today the acquisition of Phosphorus Labs, a leading preventative genomics company. The acquisition and addition of Phosphorus's 8,000 square foot state-of-the-art reference laboratory in Secaucus, NJ, will bring Kindbody's genetic testing and screening in-house to deliver a seamless continuum of patient care. The Phosphorus team of critical intellectual capital geneticists and lab technicians will join Kindbody as its new KindLabs division.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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