NEW YORK (GenomeWeb News) – Private equity firm Linden LLC has paid an undisclosed sum to purchase the Hycor Biomedical business of Agilent Technologies.
Hycor, which specializes in allergy, autoimmune, and urinalysis diagnostics, became part of Agilent through that firm's 2007 acquisition of Stratagene. Hycor had only been part of Stratagene for a few years before the deal with Agilent.
"We believe Hycor has great opportunities outside of the Agilent portfolio," Nick Roelofs, president of Agilent's Life Sciences Group, said in a statement. ""Hycor is an innovative, profitable and growing business, but it does not fit the core focus of our life science business."
Agilent officials declined to provide revenue figures for the Hycor business.