Borealis-backed LifeLabs acquires Canadian business of Centogene
LifeLabs Medical Laboratory Services Inc has purchased the Canadian business division of Germany's Centogene AG, a specialist in genetic diagnostics for rare hereditary diseases. The financial terms of the deal were not published. According to LifeLabs, the acquisition places the company in a leadership role in genetic testing in Canada. In Oct. 2013, LifeLabs acquired CML HealthCare Inc, a Mississauga, Ontario-based diagnostic laboratory and medical imaging provider for $1.2 billion. Formerly knowns as MDS Diagnostic Services, LifeLabs was bought in 2007 by Borealis Infrastructure, an investment arm of the Ontario Municipal Employees Retirement System.
19 February 2014•4 mins read
