PE-Backed LifeLabs to Acquire BC Biomedical Laboratories

LifeLabs Medical Laboratory Services, Inc., a Toronto-based provider of community laboratory diagnostic and testing services, will acquire B.C. Biomedical Laboratories, Ltd. of Vancouver. No terms of the deal, which should be completed in Spring 2013, were disclosed. LifeLabs is a portfolio company of Borealis Infrastructure Management, the infrastructure arm of Canadian public sector pension fund OMERS. Borealis invested C$1.3 billion in LifeLabs in 2007.

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