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April 10, 2006 “Intelligence: Late Breaking Lab News”

Another private lab company appears to have sold for a strong price. On March 21, 2006, American Capital Strategies Ltd. of Bethesda, Maryland, announced that it had invested $79.5 million in Redwood Toxicology Laboratory Inc., a drugs-of-abuse testing laboratory based in Santa Rosa, California. The financing pack- age includes a revolving credit facility, senior subordinated …

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