Histopathology providers merge to serve biopharma, CRO industry as single company backed by PE

By Melissa Fassbender contact

- Last updated on GMT

(Image: Getty/anyaivanova)
(Image: Getty/anyaivanova)

Related tags: Histopathology, Pathology, Private equity, Preclinical contract research

Histo-Scientific Research Laboratories and Vet Path Services have merged to create one company dedicated to providing histology, pathology, and archiving services to the biopharmaceutical, medical device, and contract research industries.

The companies will become one to meet an increasing demand for histopathology services in the research and preclinical therapeutics markets.

“The owners of the two companies saw an opportunity to expand value to clients, especially for histology and pathology services, as a single combined entity,”​ HSRL CEO Tom Galati told us.

Histo-Scientific Research Laboratories (HSRL) service offering includes tissue analyses, efficacy determination for new compounds and devices, toxicologic evaluation, and pathology reporting for good laboratory practices (GLP) studies. 

Vet Path Services’ (VPS) GLP-compliant archival offering includes cold (5°C and -20°C) and ultra-low-temperature (-80°C) material storage, among other histology and pathology services.

The combined company has offices in Mt. Jackson, VA, Mason, OH, and Worcester, MA – and has plans to “significantly”​ expand its Worcester site.

Following the merger, the middle market private equity (PE) firm Ampersand Capital Partners also has invested in the company.

“Ampersand seeks out, and invests in the top players in their respective industry segments. We target companies that have a differentiated approach and operate in high growth markets,”​ said David Anderson, PhD, partner, Ampersand Capital Partners.

Anderson told us, “Both HSRL and VPS meet these criteria and together create a formidable company to service the pre-clinical histopathology market.”

Amersand’s investment follows several​ in the industry. Most recently, the PE firm in November acquired Pacific Biomarkers​ with plans to merge the CRO with Neomed-Labs, which it bought in September​.

Related news

Show more

Related products

show more

What to consider when working with CRFs

What to consider when working with CRFs

Formedix | 21-Sep-2020 | Technical / White Paper

For a study to be successful, data collected must be correct and complete. To be correct and complete, forms must be well planned with meticulous attention...

Covance Touchless Drug and Device Vigilance Vision

Covance Touchless Drug and Device Vigilance Vision

Covance Patient Safety | 01-Sep-2020 | Data Sheet

Automation tools enable organizations to identify patterns in structured and unstructured data and facilitate automation of the entire product vigilance...

Lessons Learned: Clinical Trials During a Pandemic

Lessons Learned: Clinical Trials During a Pandemic

PCM TRIALS | 01-Sep-2020 | Technical / White Paper

In a recent survey of clinical trial professionals (including pharmaceutical sponsors, CROs, site representatives and vendors), respondents reported that...

Related suppliers

Follow us

Products

View more

Webinars