As 2009 drew to a close, two of the U.S. lab industry’s primary players—LabCorp (Burlington, N.C.) and Sonic Healthcare (Sydney, Australia)—acquired labs in the northeastern region of the country. With LabCorp’s purchase of the Centrex Clinical Laboratory Network in the New York region for an undisclosed amount, and Sonic acquiring Providence, R.I.’s East Side Clinical Laboratory for anywhere between $18 million and $27 million (or even more, according to some reports), the 2009 reported transaction total stands at 17.
This 2009 total is down from 2008’s reported transaction total of 22, which is not surprising, given the tight capital market due to the recession. But there are definitely hot areas in the merger and acquisition (M&A) market, particularly the outreach market, which Washington G-2 Reports estimates could climb to almost $33 billion in 2009. For more analysis on the 2009 M&A market, please turn to p. 8.
January 2010 - Table of Contents
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