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Sonic Healthcare Ltd Announces Labco Germany Acquisition And UK Pathology JV Update


Sunday, 10 Nov 2013 05:17pm EST 

Sonic Healthcare Ltd to announced that: it has received approval from the German Federal Cartel Office to complete the transaction to acquire the German laboratory business of Labco S.A. referred to in Sonic’s release to the market dated September 26, 2013. Completion is expected in December 2013; and the UK Office of Fair Trading has given merger control clearance to the proposed pathology joint venture (JV) between Sonic’s UK subsidiary, The Doctors Laboratory, University College London Hospitals NHS Foundation Trust, and the Royal Free London NHS Foundation Trust. Implementation of the JV remains subject to agreement on final commercial terms. 

Company Quote

17.48
0.19 +1.10%
19 Sep 2014