Sonic completes acquisition of GLP
Tuesday, 02 September, 2008
Sonic Healthcare [ASX: SHL] has completed the acquisition of the German GLP Medical Group.
The deal, first announced in June, sees Sonic taking control of a company which employs some 250 staff, and an expected EBITDA of around $3.5 million for the 2008/09 financial year.
Sonic and GLP have a history of collaboration due to the proximity of the GLP labs to the Sonic-operated Bioscientia Healthcare and the Schottdorf group laboratories, all of which are located in Hamburg.
Turning point — optimal antibiotics for golden staph bloodstream infections
Involving more than 150 hospitals across more than 14 countries, a global clinical trial supports...
Alloy implants that naturally dissolve after healing
Australian researchers have been developing biodegradable magnesium-based alloys that more...
Partnership eyes up gene-editing approaches to vision loss
A partnership will build on Australian ophthalmic research into mechanisms that damage nerve...
