Novitron acquires Smithfield firm for half of initial purchase price

In December, Israel Stein, president at Novitron said the acquisition of Elan would help the business provide a full range of products and services to smaller laboratories internationally.

Elan last week was one of three businesses to be acquired by Novitron. The Bay State company also acquired Group Practice Services Inc. (GPSI) and Landmark Scientific Inc., both based in Greensboro, N.C.

“The successful completion of these three strategically related transactions is central to our plan to provide a full range of products and services to the growing U.S. POL market and to smaller laboratories internationally,” said Stein. “The combined companies have the domestic network necessary to support our growing U.S. presence. The resulting integrated company, which will be identified in the trade as ‘Clinical Data,’ is capable of supplying a complete range of products and services, from equipment and reagents to lab management and consulting services, all targeted to small and medium-sized medical laboratories, both domestically and internationally.”

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