Agilent Applied sciences has agreed to accumulate pathology options supplier Biocare Medical in a money transaction value $950m.
The acquisition will give life sciences agency Agilent management of California-based Biocare’s immunohistochemistry (IHC), in situ hybridisation (ISH) and fluorescence in situ hybridisation (FISH) options which might be designed to help improved affected person well being outcomes throughout oncology and broader medical pathology.
With entry to those merchandise, Agilent highlighted that it expects the mix of its world operations with Biocare’s US industrial presence to create a stronger platform to higher serve a “broader base” of analysis and medical prospects.
On condition that Biocare holds greater than 300 specialised antibodies, Agilent added that it additionally anticipates the acquisition to develop its potential to develop and commercialise new in vitro diagnostic (IVD) antibodies.
Agilent expects the transaction to shut by the fourth quarter of its 2026 fiscal 12 months and turn into accretive to its earnings per share (EPS) roughly 12 months following shut. As soon as the transaction completes, Biocare will turn into a part of Agilent’s Life Sciences and Diagnostics Markets Group (LDG) enterprise phase.
In Q1 of fiscal 12 months 2026, Agilent’s LDG enterprise generated income of $679m, indicative of 5% progress year-over-year (YoY).
Agilent CEO Padraig McDonnell mentioned the acquisition of Biocare would improve the corporate’s pathology portfolio, with the transfer resonating with the corporate’s technique to “drive long-term progress via customer-centric innovation and disciplined capital allocation”.
“Collectively, this complementary mixture will allow us to higher serve our valued pathology prospects throughout medical and analysis settings, speed up innovation and help long-term worth creation for our shareholders,” McDonnell continued.
Biocare has been underneath the stewardship of VC companies Excellere Companions and GHO Capital since 2021, having skilled consecutive double-digit progress because the VC companies turned the corporate’s key traders. In 2025, the corporate generated income of $90m.
Biocare CEO Luiz de Luzuriaga commented: “After years of great progress, that is the best time to maneuver ahead with new possession aligned with our dedication to product high quality, medical impression and worth creation.”
Ought to Agilent’s settlement to accumulate Biocare go forward, it is going to signify the corporate’s second big-money acquisition in as a few years. In September 2024, Agilent accomplished the $925m acquisition of Canadian contract improvement and manufacturing organisation (CDMO) BIOVECTRA.