Heska Corporation completed the acquisition of MBio Diagnostics, Inc.
Heska Corporation (NasdaqCM:HSKA) completed the acquisition of MBio Diagnostics, Inc. on January 3, 2023. Heska Corporation paid approximately $39.8 million, of which $13.7 million was the reacquisition of the Company's previously held promissory notes. The purchase price was decreased for the settlement of preexisting relationships, including $2.5 million of payables due to LightDeck and a $0.2 million discount on the promissory notes, offset by a $0.8 million license fee. The agreement also included a general indemnity holdback of approximately $2.6 million. Heska Corporation also acquired $1.8 million of cash as part of this acquisition.