A Bold New Beginning for PE's Life Sciences & Diagnostic Units

The units will be a standalone company rebranded as Revvity.

Omar Ford

May 9, 2023

2 Min Read
Revvity
Image courtesy of Revvity

PerkinElmer is entering into a bold new chapter. The Waltham, MA-based firm’s life sciences and diagnostics units are being launched and rebranded as Revvity.

The newly formed company will begin trading as RVTY on May 16th. The Applied, Food, and Enterprise units, which were sold to New Mountain Capital for about $2.45 billion, will retain the PerkinElmer name.

Born from two words, “revolutionize” (rev) and “vita” (vit) meaning “life” in Latin, Revvity delivers end-to-end expertise and solutions from research discovery to development, and diagnosis to cure. 

“The unveiling of Revvity is the capstone of a nearly year-long journey that has transformed who we are and reinforces why our work matters,” said Prahlad Singh, president and CEO of Revvity. “At Revvity, we are united with our customers to impact health across the lifespan. Our purpose is to expand the boundaries of human potential through science. We view the challenges facing our customers as a call to action.”

In an email to MD+DI, the company said it was “starting fresh with Revvity” and looks forward to creating a new legacy. 

Here’s how the new company will shake out.

  • Industry leading franchises, BioLegend, EUROIMMUN, Tulip Diagnostics, and ViaCord will retain their own names as unique product lines.

  • Our Company’s comprehensive scientific software platform, previously known as PerkinElmer Informatics, will become Revvity Signals Software Inc.

  • Revvity Omics replaces PerkinElmer Genomics as the Company's genomics services business.

  • Cisbio, Horizon Discovery, Nexcelom Bioscience, Omni International, Oxford Immunotec, Sirion Biotech and SonoVol will now identify as Revvity, while maintaining their specific product names.

“We’re a translational company in the sense that our capabilities facilitate decision making between research and clinical customers,” Singh said in a release. “With cross-business collaborations between our automation, multi-omics offerings, and our Signals software business, we have unique capabilities which put us in an optimal position to accelerate breakthrough solutions – starting with preclinical research and scientific discovery, all the way through to diagnosing and helping to treat disease.”

 

About the Author

Omar Ford

Omar Ford is a veteran reporter in the field of medical technology and healthcare journalism. As Editor-in-Chief of MD+DI (Medical Device and Diagnostics Industry), a leading publication in the industry, Ford has established himself as an authoritative voice and a trusted source of information.

Ford, who has a bachelor's degree in print journalism from the University of South Carolina, has dedicated his career to reporting on the latest advancements and trends in the medical device and diagnostic sector.

During his tenure at MD+DI, Ford has covered a wide range of topics, including emerging medical technologies, regulatory developments, market trends, and the rise of artificial intelligence. He has interviewed influential leaders and key opinion leaders in the field, providing readers with valuable perspectives and expert analysis.

 

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