Daily News: November 9, 2015

Matrix Advises Safe Foods on Sale to Laboratory Corp of America


Matrix Capital Markets Group announced the successful sale of Safe Foods International Holdings (SFIH) to Laboratory Corporation of America Holdings.

Matrix said it served as exclusive financial advisor to SFIH. The transaction was led by David Keys, head of Matrix’s Healthcare team, and David Endom, who joined Matrix to help launch the Healthcare team at the beginning of 2015. Brady Hill also assisted on the transaction.

SFIH was formed to create a contract research organization focused on the full spectrum of services required by food, beverage and nutrition companies. SFIH is involved from product development through scaling production, while also providing product integrity testing.

“The Matrix team provided us with first rate representation and advice throughout the process,” said Johannes Burlin, former president of SFIH. “Their knowledge of the industry and process combined with responsiveness and dedication was invaluable.”

Laboratory Corporation of America Holdings, an S&P 500 company, is a healthcare diagnostics company, providing comprehensive clinical laboratory services through LabCorp Diagnostics, and end-to-end drug development support through Covance Drug Development.