Note 15 - Subsequent Event

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Subsequent Events [Text Block]

1

5

. Subsequent events

On

November 5, 2018,

the Company amended the lease for the facility located at

320

Norwood Park South, Norwood, MA, or the

320

Lease. The amendment expands the permitted uses of the facility, consents to the restructuring events related to the Transaction and consents to a sublease of a portion of the facility.

On

November 6, 2018,

the Company completed the previously announced sale of its U.S. Laboratory Services Business to Quest pursuant to a Limited Liability Company Interest Purchase Agreement and received approximately

$137

 million in cash proceeds. Upon closing of the Transaction, approximately

$33

million was paid directly to MidCap in settlement of all amounts due, which included prepayment and exit fees of approximately

$3

million.