Continuing synergies of offshore acquisitions drove Sydney, Australia-based Sonic Healthcare’s revenue up 28.5 percent to US$938M (AU$1.4 billion) for the first half of 2009. Organic revenue growth—excluding acquisitions—was healthy at 6 percent in the United States. However, this falls short of organic revenue growth in other countries where Sonic has acquired labs; growth in Australia was 8 percent, Germany was 7 percent, and the United Kingdom was 16 percent. Sonic’s preincome tax profit was up almost 11 percent to $110 million (AU$168 million).

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March 2009 - Table of Contents

LIR March 2009 (full PDF issue)

G-2 Predicts Mol Dx Testing to Grow 12% in 2009 to $5.6 Billion in Favorable Pricing Environment

Esoteric Business Drives LabCorp’s FY2008 Revenue Up 10% to $4.5 Billion, Q408 Revenue Up 11.3% to $1.1 Billion

Sonic’s Acquisition Strategy Drives Revenue Up 28% to $938M for First Half FY2009; U.S. Organic Revenue Up 6%

Bio-Reference Courier System Improvements Boosts Efficiency, Sees Seven Month ROI

Inside the Lab Industry: Mol Dx Labs and Manufacturers Confront Tight Capital Market

Aurora Diagnostics’s Revenue Up Over 100% to $150 Million in 2008

DTC Advertising, Sales Effort Expansion Drives Myriad’s Q2 Revenues Up 58% for Q209

Response Genetics Consolidates Operations by Shuttering U.K. Operation

Lab Stocks Experience Uptick in February; Up 10% Over 13 Weeks

Industry Buzz: Bostwick Laboratories Launches Hematopath Division, Names Medical Director