Heska Corporation to Acquire Lacuna Diagnostics, a Pioneer and Market Leader in Point-of-Care Digital Cytology
LOVELAND, Colo., Jan. 13, 2021 /PRNewswire/ -- Heska Corporation (NASDAQ: HSKA - News; "Heska" or the "Company"), a leading global provider of advanced veterinary diagnostic and specialty products, announced today that the Company has entered into an agreement (the "Agreement") to acquire 100% of Lacuna Diagnostics, Inc. ("Lacuna"), a pioneer and market leader in point-of-care diagnostics digital cytology technology and telemedicine services.
Founded in 2016 and headquartered in Fort Collins, Colorado, Lacuna is a first-to-market digital telemedicine cytology platform that increases the standard of care veterinarians provide for pets by providing nearly real-time interpretation of cases by an expert network of board-certified clinical pathologists. Lacuna's revolutionary software, workflow, and artificial intelligence data technology facilitate fast, accurate and comprehensive results from samples taken at the point of care and instantly transmitted to Lacuna's team of board-certified experts. Lacuna improves veterinarian accuracy and confidence and accelerates positive healthcare outcomes by dramatically decreasing the wait times and environmental pollution associated with traditional central reference lab pathology services. With a global team of over 25 pathologists located throughout multiple time zones in the United States, Canada, Europe, New Zealand and Australia, Lacuna has interpreted over 25,000 cases and counting.
"The addition of Lacuna is the official starting point for Heska's entry into providing clinical specialty services to further support our stated goal to double the product and revenue streams we serve," commented Heska's Chief Executive Officer and President, Kevin Wilson. "We are excited to welcome the wonderful leadership, people, and culture of Lacuna," continued Mr. Wilson. "Lacuna has created a foundation of amazing technology, processes, and expert clinical teams to deliver specialist-level diagnostics, in minutes rather than days. We are excited to expand the scope and availability of these life-saving telemedicine specialty services by offering them alongside our other Heska technologies, through our hundreds of Heska field experts, and to thousands of our current point of care customers and other veterinarians."
Lacuna's Co-Founder and Co-Chief Executive Officer, Aaron Wallace, commented, "Lacuna has always focused on providing quality and trusted reporting to our veterinarians. Heska will advance this promise in every way while also supporting a larger reach to positively impact more pet patients and veterinary teams."
The Acquisition is expected to close in the first quarter 2021, subject to the satisfaction or waiver of closing conditions set forth in the Agreement, including customary closing conditions.
Mr. Wilson will provide more information about this announcement and other growth initiatives at the J.P. Morgan Healthcare Conference at 2:00 p.m. ET on Wednesday, January 13, 2021. A live audio-only version of the presentation and question and answer session will be available to non-registered attendees at Heska Audio-Only J.P. Morgan Conference Presentation. The webcast and presentation will be archived on Heska's website shortly after the event and a replay will be available for 90 days following the conference.
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SOURCE Heska Corporation
Company Codes: NASDAQ-SMALL:HSKA