NEW YORK (GenomeWeb News) – SeraCare Life Sciences announced late on Thursday a reorganization of its business after selling off certain segments.

The Milford, Mass.-based firm sold its biorepository, biobanking, and laboratory services business to Precision Health Holdings for an undisclosed amount and restructured its operations into three units — IVD Research, IVD Processing, and Clinical Laboratory.

The new structure of the company, it said, will "deliver greater insight into customer needs while streamlining business processes."

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