London, UK – GHO Capital, the European specialist investor in healthcare, acknowledges today’s announcement from its portfolio company DNA Diagnostics Center ® (“DDC”) regarding the acquisition of the assets of IDENTIGENE®, LLC, a wholly owned subsidiary of Sorenson Genomics, LLC.
As a significant consumer brand in parentage testing, distributed at over 20,000 retail store locations throughout the United States, the acquisition of IDENTIGENE® furthers DDC’s strategy in this area and provides a natural extension to DDC’s existing product base and customer reach.
The IDENTIGENE® company, based in Salt Lake City, Utah was established in 2007 as the first in-home DNA paternity test collection kit sold through retail outlets nationwide. Today, the IDENTIGENE® brand is distributed at over 20,000 retail store locations throughout the United States, including CVS, Walmart, Rite Aid, and other major chains and pharmacies. As experts in parentage testing, the IDENTIGENE® company has an expanded service offering that includes siblingship, grand-parentage, ancestry, and more. The acquisition includes all assets of the subsidiary including laboratory equipment. The business will relocate to DDC®’s corporate headquarters and laboratory facility in Fairfield, Ohio.
Connie Hallquist, President and Chief Executive Officer of DNA Diagnostics Center®, stated: “We are excited about the acquisition of IDENTIGENE®. They have built a strong brand that consumers trust.”
Doug Fogg, President and Chief Operating Officer of Sorenson Genomics commented: “We are pleased the IDENTIGENE® business is in good hands with DDC®. Both companies share the same philosophy around delivering high quality DNA test results and exceptional customer service.”
Mr. Fogg will remain with the parent company, Sorenson Genomics, LLC.
Financial details of the transaction were not disclosed.
– Ends –
GHO Capital Partners LLP
T +44 20 3700 7440
DNA Diagnostics Center
T +1 513 881 4056
About GHO Capital
Global Healthcare Opportunities, or GHO Capital Partners LLP, is a specialist healthcare investment adviser based in London. Our vision is to apply global capabilities and perspectives to build a world-class healthcare specialist private equity firm by recognising and seizing the highly attractive and underpenetrated European market opportunity. We have a powerful combination of transaction, investment and industry skills which sets us apart from traditional private equity firms. For further information, please visit www.ghocapital.com.
About DNA Diagnostics Center®:
DDC® is one of the world’s largest private DNA testing companies with offices in Fairfield, Ohio (United States) and London, England (United Kingdom). Founded over 20 years ago, DDC® offers DNA testing for paternity, immigration, and family relationships; ancestry; health and beauty; forensics, and genetic traits of animals. DDC®’s laboratory is accredited by the American Association of Blood Banks (AABB), The Ministry of Justice, The College of American Pathologists (CAP), and The Clinical Laboratory Improvement Amendment (CLIA). DDC® is also accredited by ACLASS to meet the international standards of ISO 17025 and the American Society of Crime Laboratory Directors / Laboratory Accreditation Board-International (ASCLD/LAB). For more information, please visit www.DNAcenter.com.
IDENTIGENE® is a global leader in DNA paternity testing, providing both personal and legal paternity tests, as well as other relationship testing, such as grand-parentage and siblingship. The IDENTIGENE® brand is recognized by doctors, lawyers, and the American consumer. IDENTIGENE®, the first company to bring DNA paternity testing to the general consumer through major drugstores and supercenters, is nationally and internationally accredited for both DNA paternity and molecular diagnostic testing services. IDENTIGENE® is a privately held, wholly-owned subsidiary of Sorenson Genomics, which is a highly accredited genomic laboratory renowned for its expertise in human identity, forensics DNA testing, and population genetics. Visit www.DNAtesting.com.