Mar 3, 2020 - Health

Thermo Fisher to buy Qiagen for $10.1 billion

The red, white and blue Qiagen logo on a machine in a factory.
Photo: Rolf Vennenbernd/picture alliance via Getty Images

Thermo Fisher is acquiring Qiagen, a company that makes lab equipment and diagnostic tests, for $10.1 billion plus the assumption of $1.4 billion of debt.

Why it matters: This is the largest health care transaction so far in 2020. It's also especially relevant because Qiagen makes a testing kit that detects the new coronavirus strain.

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