Health Diagnostic Laboratory Inc. will become the property of a startup Texas-based diagnostics company, if the results of an auction held on Thursday receive bankruptcy court approval this week, the Richmond Times-Dispatch reported on Saturday. Richmond-based HDL said on Friday that True Health Diagnostics LLC was the successful bidder in a bankruptcy court supervised auction of HDL’s assets. Frisco, Texas-based True Health, which started operations about a year ago, agreed to pay $37.1 million to acquire substantially all of the business assets of HDL — $5.1 million more than its initial bid. HDL, a blood-testing company with hundreds of employees and its main office and laboratory in downtown Richmond, has been operating under chapter 11 bankruptcy protection since June 7 and had offered itself for sale to help pay off debts.
