Matrix Medical Network Buys Biocerna LLC
For Immediate Release
Maple Lawn, MD | October 21, 2020
Offit Kurman attorneys Michael N. Mercurio, Brent Salmons, and Allison Rosenzweig recently closed a substantial transaction between Biocerna LLC and Matrix Medical Network, who purchased Biocerna, in part, because of its capacity to handle COVID-19 testing and provide customers with agile, in-house capabilities.
“M&A is about timing and the timing was a perfect fit between the Covid capabilities of Biocerna and the capacity needs of Matrix Medical,” said Michael N. Mercurio.
Biocerna is a CLIA-certified and CAP-accredited laboratory dedicated to delivering clinical diagnostics tests to improve patients’ safety and quality of care. It develops innovative assays that allows it to have prompt turn-around times and competitive pricing. While its main focus is clinical diagnostics, it also works with pharmaceutical companies to support their research and development efforts as well as clinical testing support.
Matrix Medical Network is a leader in supporting at-risk populations. Matrix has worked with millions of individuals across the United States to evaluate and manage their health risks through a network of more than 3,000 clinicians and a fleet of mobile health clinics in an effort to assess health and safety, identify and close care gaps, and offer life-changing services. Because of this, Matrix was uniquely positioned to rapidly respond to the spread of COVID-19. Today, Matrix offers customizable solutions including on-site clinics, viral testing, contact tracing, environmental assessments, clinical consultations, vaccine administration, clinical trial support, and access to an expert clinical advisory panel.
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ABOUT MIKE MERCURIO
Michael N. Mercurio is a leading attorney in the field of mergers and acquisitions (M&A). He serves as outside general counsel in buy-side and sell-side M&A, as well as in all business law and real estate law matters. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on the many challenges, issues, and opportunities companies face throughout the business lifecycle—from start-up to eventual exit.
ABOUT BRENT SALMONS
Brent Salmons represents public and private companies and investors in a broad range of corporate and financial matters, including mergers and acquisitions, business formation and governance, financing, and debt restructurings. Brent has extensive experience in the energy and project finance, telecommunications, media and technology, and real estate industries. He has represented clients as a real estate lawyer in transactions ranging from $50,000 to over $1 billion in mergers and acquisition and capital funding.
ABOUT ALLISON W. ROSENZWEIG
Allison W. Rosenzweig concentrates her practice in business and transactional matters for a wide range of clients, including startups, closely held businesses, and national entities. Allison’s experience includes mergers and acquisitions, equity financing, early stage investing, entity formation and governance, business divorce, the drafting and review of shareholder and operating agreements, supply and distribution agreements, entertainment agreements, licensing agreements, employment and consulting agreements, and a wide variety of other general corporate and commercial agreements.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing full-service law firms in the United States. With 14 offices in seven states, and the District of Columbia, and growing by 50% in two years through expansions in New York City and Charlotte, North Carolina, Offit Kurman is well-positioned to meet the legal needs of dynamic businesses and the individuals who own and operate them. For over 30 years, we’ve represented privately held companies and families of wealth throughout their business life cycles.
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