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Exact Sciences Buys Genomic Health In $2.8Bn Expansion Deal

 
• By Catherine Longworth

Cancer diagnostics company Exact Sciences is combining with Genomic Health in a major merger valued at $2.8bn. The combined company will offer two of the fastest growing brands in cancer diagnostics, Cologuard and Oncotype DX.

Cancer - DNA - test tube
• Source: shutterstock.com

Exact Sciences Corp. is acquiring Genomic Health Inc. in a mammoth $2.8bn deal combining two of the world's leading cancer diagnostics firms.

Under the terms of the agreement, Exact Sciences will pay $72 per share in a cash and stock transaction expected to close by the end of 2019.

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