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Global life sciences company MDS (Toronto, Canada) has agreed to sell MDS Diagnostics Services, its Canadian laboratory services business, to Borealis Infrastructure Management in a transaction valued at CAD$1.325 billion (US$1.163 billion). The deal with Borealis, a subsidiary of one of Canada’s largest pension plans, is part of MDS’s strategy to divest its lab services business and focus on the life sciences market. The transaction is expected to close by the end of January 2007.

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November 2006 - Table of Contents

LIR November 2006 (full PDF issue)

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Self-Referral Crackdown: Pod Labs in CMS’s Crosshairs

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