CHARLES RIVER LABORATORIES INTERNATIONAL, INC. acquires Pathology Associates International Corporation (PAI)

CHARLES RIVER LABORATORIES INTERNATIONAL, INC. acquired Pathology Associates International Corporation (PAI) for $37M, a transaction completed in January 2001, structured as $25 million cash plus a $12 million convertible note; purchased from SAIC.

Pathology Associates International Corporation (PAI) operates in Discovery and Safety Assessment (DSA), is based in United States (Frederick, Maryland). Charles River acquired Pathology Associates International Corporation from Science Applications International Corporation (SAIC). Headquartered in Frederick, Maryland, PAI was the world's leading contract toxicologic pathology company, offering services spanning neuropathology, medical device pathology, immunopathology, molecular and ultrastructural pathology, reproductive toxicology, and archive/repository services, with estimated 2000 revenues of roughly $33 million.

Add the world's leading contract pathology capabilities to Charles River's expanding portfolio of outsourced drug-development and safety-assessment services.

Advisory firms were not disclosed for this transaction.

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