Thermo Fisher Scientific Completes Acquisition of The Binding Site Group (Thermo Fisher Scientific Press Release)
"Thermo Fisher Scientific Inc....announced that it has completed its acquisition of The Binding Site Group ('The Binding Site'), a global leader in specialty diagnostics, from a shareholder group led by European private equity firm Nordic Capital, in an all-cash transaction valued at £2.3 billion, or $2.8 billion at current exchange rates....'The Binding Site expands our existing specialty diagnostics portfolio with the addition of pioneering innovation in diagnostics and monitoring for multiple myeloma. Early diagnosis and well-informed treatment decisions can make a significant difference in patient outcomes, and we are excited by the opportunity to enable further advancements in this area for the benefit of patients'...The transaction is expected to be accretive to adjusted earnings per share by $0.07 in 2023."