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Recently, private equity firm GHO Capital announced it has acquired DNA Diagnostics Center for €104 million ($118 million).

DNA Diagnostics Center (DDC) provides private DNA testing services including biological family relationship testing, veterinary testing, forensic testing, and medical applications including cell-line authentication.

"The field of genetic diagnostics is an attractive, high-growth segment within healthcare, and as a well-established business with significant global potential, DDC is an excellent fit for our investment strategy," GHO Capital Executive Partner and Founder Mike Mortimer said in a statement.

Based in Fairfield, Ohio, DDC processes more than 750,000 tests annually, GHO Capital said. DDC also has operations in London and employs 245 people globally.