IDEXX Buys RADIL and Creates More Opportunity

8 years 8 months 3 weeks ago Wednesday, November 09 2011 Nov 9, 2011 Wednesday, November 09, 2011 1:33:00 PM CST November 09, 2011 in News
By: Alex Zaccone
loading

COLUMBIA - The University of Missouri Veterinary School announced Monday, it's Research Animal Diagnostics Laboratory program was bought by the international diagnostic and technology company IDEXX for $43 million. Dean of UM's Veterinary School, Dr. Neil Olson said the sale was in the interests of both parties. 

Olson said the sale happened at an opportunistic time for the school to sell RADIL in order to get maximum return on the business. RADIL was started by a faculty member of the School of Veterinary Medicine in 1968 and has grown steadily, with a rapid growth period in the last 10 years. Olson said IDEXX will give RADIL a chance to grow in the private sphere, where it had outgrown success in the public sphere. 

Olson said the Fee for Service operation, which provides laboratory diagnostics, testing for research animals, and health monitoring, is the specific part of the program that will be handed off to IDEXX. Olson said many of the other functions of RADIL will still be under the jurisdiction of the university, such as training laboratory animal veterinarians. 

IDEXX representative Betsy Richards said RADIL's goals align with those of IDEXX. Richards said about 84 percent of IDEXX business is allocated to veterinary diagnostics and technology research, which will continue at RADIL. 

Richards also said no jobs at RADIL will be lost. She said it's too early to tell for sure, but jobs could be created in the area, and there is an opportunity for career advancement within the company. Richards said there will be no changes to the administration or functions of RADIL other than the integration of IDEXX procedures, and its headquarters will remain in Columbia. In the next year, Richards said, IDEXX hopes to expand RADIL into some of its other 60 locations around the world. 

Olson said he is meeting with Chancellor Deaton later this week to decide how the $43 million will be divided between the Veterinary School and the University.

More News

Grid
List
JEFFERSON CITY - As summer school ends in the capital city, United Way of Central Missouri starts its Food 4... More >>
11 hours ago Sunday, August 02 2020 Aug 2, 2020 Sunday, August 02, 2020 5:24:00 PM CDT August 02, 2020 in News
ST. LOUIS (AP) — A baby elephant died several weeks after it was born at the St. Louis Zoo. ... More >>
13 hours ago Sunday, August 02 2020 Aug 2, 2020 Sunday, August 02, 2020 3:37:55 PM CDT August 02, 2020 in News
COLUMBIA - On Sunday, Battle High School students finally got to walk across the stage. The graduations were... More >>
14 hours ago Sunday, August 02 2020 Aug 2, 2020 Sunday, August 02, 2020 2:54:00 PM CDT August 02, 2020 in News
COLUMBIA - Missourians will vote on August 4 on whether or not to pass Amendment 2. If passed, the amendment... More >>
14 hours ago Sunday, August 02 2020 Aug 2, 2020 Sunday, August 02, 2020 2:50:00 PM CDT August 02, 2020 in Target 8
COLUMBIA - Primary election day is this Tuesday, August 4, and Boone County Government will be open for business as... More >>
14 hours ago Sunday, August 02 2020 Aug 2, 2020 Sunday, August 02, 2020 2:32:00 PM CDT August 02, 2020 in News
SPRINGFIELD (AP) — A trial is set to start for a man charged in the 2017 killing of a transgender... More >>
17 hours ago Sunday, August 02 2020 Aug 2, 2020 Sunday, August 02, 2020 12:03:00 PM CDT August 02, 2020 in News
CNN -- Secretary of State Mike Pompeo said Sunday that Pr esident Donald Trump "will take action in the coming... More >>
17 hours ago Sunday, August 02 2020 Aug 2, 2020 Sunday, August 02, 2020 11:46:13 AM CDT August 02, 2020 in News
CAPE CANAVERAL, Fla. (AP) — The first astronauts to ride a SpaceX capsule into orbit are headed toward a splashdown... More >>
17 hours ago Sunday, August 02 2020 Aug 2, 2020 Sunday, August 02, 2020 11:08:00 AM CDT August 02, 2020 in News
COLUMBIA - Columbia Police are investigating shots fired in the 5300 block of Godas Circle around 1 a.m. Sunday. ... More >>
19 hours ago Sunday, August 02 2020 Aug 2, 2020 Sunday, August 02, 2020 9:48:00 AM CDT August 02, 2020 in News
NEW FLORENCE -- A train went off the tracks in New Florence this morning. According to a Facebook post... More >>
19 hours ago Sunday, August 02 2020 Aug 2, 2020 Sunday, August 02, 2020 9:16:00 AM CDT August 02, 2020 in News
MEXICO – Trish Harris of Mexico, Mo. says she reminds her 2-year-old everyday who his father is. His father,... More >>
1 day ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 8:54:00 PM CDT August 01, 2020 in News
COLUMBIA - Two schools, two graduations. Graduates had the opportunity to finally celebrate four years worth of hard work Saturday.... More >>
1 day ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 7:56:00 PM CDT August 01, 2020 in News
COLUMBIA, Mo. (AP) — A former assistant state attorney general and a former federal prosecutor are vying in Tuesday's Democratic... More >>
1 day ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 12:57:00 PM CDT August 01, 2020 in News
WARRENSBURG - One woman is dead and two people are injured after a shooting in Warrensburg Saturday morning. ... More >>
1 day ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 12:00:00 PM CDT August 01, 2020 in News
QUINCY, Ill. - One suspect in a deadly Audrain County home invasion was arrested Friday night. Quincy Police said... More >>
1 day ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 10:58:00 AM CDT August 01, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. You can... More >>
1 day ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 9:13:00 AM CDT August 01, 2020 in News
COLUMBIA - 58-year-old Columbia resident Clayton Jacobs has been reported missing after he was last seen by his neighbors on... More >>
2 days ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 12:15:00 AM CDT August 01, 2020 in News
MILWAUKEE ( KSDK ) — The Cardinals-Brewers game scheduled for Friday afternoon has been postponed again due to... More >>
2 days ago Friday, July 31 2020 Jul 31, 2020 Friday, July 31, 2020 11:00:00 PM CDT July 31, 2020 in News
Columbia, MO
Broken Clouds 66°
5am 63°
6am 63°
7am 63°
8am 65°