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DW Healthcare Partners Announces the Sale of Tandem Labs

Saturday, March 1, 2008 General News
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SALT LAKE CITY, Feb. 29 DW Healthcare Partners (DWHP), ahealthcare focused private equity firm, announced today the sale of one of itsportfolio companies, NWT Inc. ("Tandem Labs"), to Laboratory Corporation ofAmerica(R) Holdings (LabCorp(R)), one of the world's largest clinicallaboratory businesses. Headquartered in Salt Lake City, UT, Tandem Labs is aleading bioanalytical and immunoanalytical contract research organization(CRO) supporting pharmaceutical and biotechnology companies with theirdiscovery, preclinical, and clinical drug development programs. The sale ofTandem Labs generated a return for DWHP's investors of approximately 6.9xinvested capital. DWHP and Tandem Labs were advised by William Blair & Companyduring the transaction.
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About DW Healthcare Partners

DW Healthcare Partners ("DWHP") is a private equity firm focusedexclusively on the healthcare industry. The firm is led by five seasonedhealthcare executives with more than 100 years of combined industryexperience. DWHP invests in profitable healthcare companies with provenmanagement teams. For more information, please visit http://www.dwhp.com.

SOURCE DW Healthcare Partners
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