LabCorp to acquire Chiltern for $1.2B

LabCorp to acquire Chiltern for $1.2B

Burlington-based Laboratory Corporation of America Holdings will buy contract research organization Chiltern International of Britain in a $1.2 billion cash deal that is slated to close in the fourth quarter. Chiltern, which has more than 4,500 employees and bases its North American operations in Wilmington, will become part of LabCorp’s Covance division. LabCorp bought New Jersey-based contract research organization Covance Inc. in 2015 for $6.1 billion

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