Subsequent Events

9 Months Ended

Sep. 30, 2018

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Acquisition

On October 23, 2018, NeoGenomics Laboratories entered into an Agreement and Plan of Merger  (the “Merger Agreement”) with Genesis Acquisition Holding Corp. (“Genesis”), the parent company of Genoptix, Inc. (Genesis and its subsidiaries are generally referred to herein as “Genoptix”), Genoptix Merger Sub, Inc., a subsidiary of NeoGenomics Laboratories, and Ampersand 2014 Limited Partnership, solely in its capacity as stockholders' representative, pursuant to which NeoGenomics Laboratories will acquire all of the outstanding equity interests of Genesis in exchange for (i) $125.0 million in cash, and (ii) 1.0 million shares of NeoGenomics common stock (the “Transaction”).  The cash portion of the purchase price is subject to adjustment for changes in Genesis’ net working capital as of the closing of the acquisition and other adjustments as set forth in the Merger Agreement.

The closing of the acquisition is subject to various customary closing conditions, including, among others, (i) the absence of any order of any governmental authority that prohibits or materially restrains the acquisition and the absence of any proceeding brought by any government authority pending before any court of competent jurisdiction seeking such an order and (ii) any waiting periods imposed by any government authority necessary for the consummation of the transactions must have expired or been terminated.