Avalon's Laboratory Services MSO Acquires Texas Lab With Significant Potential Growth; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Avalon GloboCare Corp. (NASDAQ:ALBT) announced that its 40% owned Laboratory Services MSO, LLC (LSM) has acquired DE Laboratory LLC (DE Labs), a Texas-based laboratory. DE Labs offers a range of testing services, including drug, genetic, urinary, and COVID-19 PCR testing. LSM plans to use this acquisition to expand its geographical reach and leverage synergies for revenue growth and market share.
July 24, 2023 | 1:08 pm
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Avalon GloboCare's acquisition of DE Labs through its 40% owned LSM could lead to geographical expansion and increased revenue growth.
The acquisition of DE Labs by Avalon's LSM is expected to provide significant growth opportunities. This could lead to increased revenues and market share, which are positive indicators for the company's stock.
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