DNA Diagnostics Center Announces Acquisition of All About Truth DNA Services
FAIRFIELD, Ohio, March 22, 2016 /PRNewswire/ -- DNA Diagnostics Center (DDC or the Company), one of world's largest providers of private DNA testing services announces the acquisition of All About Truth DNA Services, a regional provider of DNA testing services. Details of the transaction were not disclosed.
All About Truth DNA Services, based in Plantation, Florida, a family owned and operated company established in 2006, provides DNA testing services to the South Florida region with services focusing on AABB Certified Immigration DNA Testing, biological family relationship DNA testing, prenatal DNA and forensic DNA testing. The All About Truth acquisition includes all assets of the company including their existing physical plant and equipment. Existing employees will be retained following the close of the transaction.
Jerry Watkins, Chief Operating Officer of DDC, led the acquisition of All About Truth DNA Services.
All About Truth is the first of what is expected to be additional acquisitions of regional DNA testing services by DDC.
Connie Hallquist, President and Chief Executive Officer of DNA Diagnostics Center, commented: "We are pleased by the acquisition of All About Truth DNA Services. We see the opportunity for significant growth of DNA testing services in the greater South Florida region."
Raquel Mandel, President of All About Truth DNA Services, said: "We are thrilled with the acquisition of our family business by DDC, the recognized market leader in DNA testing. We look forward to working with the very capable staff of DDC professionals to continue to grow our business in South Florida."
About DDC
DDC is one of the largest DNA testing companies in the world. Founded 20 years ago, and with offices in Fairfield (Ohio) and London (United Kingdom), DDC offers comprehensive DNA testing for paternity and family relationships, forensics, genetic traits of animals, cell line authentication, and ancestry. DDC's Dual Process™ ensures all collected DNA samples are independently tested twice producing legal results of unmatched quality and reliability. DDC is recognized through a number of accreditations nationally and internationally including those performed by the American Association of Blood Banks (AABB), The Ministry of Justice, and the College of American Pathologists (CAP). DDC is also accredited by ACLASS to meet the standards of ISO 17025 and the American Society of Crime Laboratory Directors / Laboratory Accreditation Board-International and follows the DNA Advisory Board (DAB) guidelines, which attests to DDC's superior forensic testing service. For more information, please visit www.dnacenter.com.
In 2015, DDC was acquired by specialist healthcare investor GHO Capital who will support the future development of the company.
About GHO Capital
Global Healthcare Opportunities, or GHO Capital Partners LLP, was founded in 2014 as a specialist healthcare investment adviser based in London. Its vision is to apply global capabilities and perspectives to build a world-class healthcare specialist private equity firm by recognizing and seizing the highly attractive and under-penetrated European market opportunity. GHO Capital has a powerful combination of transaction, investment and industry skills which sets it apart from traditional private equity firms. For further information, please visit www.ghocapital.com.
Contacts:
Jan Strode
DNA Diagnostics Center
T +1 619 890 4040
E [email protected]
SOURCE DNA Diagnostics Center
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