SALT LAKE CITY, Feb. 29 /PRNewswire/ -- DW Healthcare Partners (DWHP), a healthcare focused private equity firm, announced today the sale of one of its portfolio companies, NWT Inc. ("Tandem Labs"), to Laboratory Corporation of America(R) Holdings (LabCorp(R)), one of the world's largest clinical laboratory businesses. Headquartered in Salt Lake City, UT, Tandem Labs is a leading bioanalytical and immunoanalytical contract research organization (CRO) supporting pharmaceutical and biotechnology companies with their discovery, preclinical, and clinical drug development programs. The sale of Tandem Labs generated a return for DWHP's investors of approximately 6.9x invested capital. DWHP and Tandem Labs were advised by William Blair & Company during the transaction.
About DW Healthcare Partners
DW Healthcare Partners ("DWHP") is a private equity firm focused exclusively on the healthcare industry. The firm is led by five seasoned healthcare executives with more than 100 years of combined industry experience. DWHP invests in profitable healthcare companies with proven management teams. For more information, please visit http://www.dwhp.com.
CONTACT: Doug Schillinger of DW Healthcare Partners, +1-801-365-4006
Web site: http://www.dwhp.com/