PCP completes second 2014 exit with Gamma-Dynacare's buy of Lab Bio-Medic
Gamma-Dynacare Medical Laboratories Inc has bought Lab BioMédic, a laboratory services provider to medical clinics, industries, insurance companies and clinical research organizations, and a portfolio company of Canadian private equity firm Persistence Capital Partners (PCP). The acquisition price was not disclosed. According to the Brampton, Ontario-based Gamma-Dynacare, the acquisition solidifies its position as a laboratory services specialist in Québec. The Lab BioMédic deal comes close on the heels of this week's sale by PCP of the Québec radiology operations of Medvue Medical Imaging to Envision Diagnostics Inc. In Apr. 2013, PCP raised over $90 million in the first close of its $225 million healthcare-focused fund, Persistence Capital Partners II LP.
