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Hooper Holmes Inc and Clinical Reference Laboratory, Inc. announce strategic alliance

Wednesday, 16 Apr 2014 08:45am EDT 

Hooper Holmes Inc and Clinical Reference Laboratory Inc:Enters into strategic alliance agreement under which CRL will become Hooper Holmes' exclusive provider of laboratory testing services and Hooper Holmes will become a member of CRL's preferred provider network for wellness programs.Under the agreement, Hooper Holmes will also sell the assets and businesses comprising Heritage Labs International, LLC. and Hooper Holmes Services to CRL for $3.7 mln.Transaction is expected to close in the late second quarter or early third quarter of 2014.Cantor Fitzgerald & Co. is acting as the financial advisor to Hooper Holmes. 

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