Borealis-backed LifeLabs closes purchase of CML HealthCare for $1.2 bln
LifeLabs Medical Laboratory Services Inc has completed its previously announced buy of CML HealthCare Inc (TSX:CLC), a Mississauga, Ontario-based diagnostic lab and medical imaging provider, for $10.75 per share, or around $1.2 billion. This is LifeLabs second acquisition in 2013. In April, the Toronto-based company purchased B.C. Biomedical Laboratories Ltd of Vancouver. LifeLabs, formerly MDS Diagnostic Services, was acquired for $1.3 billion by Borealis Infrastructure, the investment arm of the Ontario Municipal Employees Retirement System, in 2007.
2 October 2013•4 mins read
