Quest Diagnostics (NYSE: DGX), a leading provider of diagnostic information services, has announced a definitive agreement with OMERS to acquire LifeLabs, a trusted provider of community laboratory tests for millions of Canadians, for a value of approximately CAN $1.35 billion (approximately USD $985 million), including net debt. LifeLabs will retain its brand, Canadian headquarters, and management after the acquisition is closed. Quest will provide LifeLabs with new expertise, innovations and resources to strengthen the services provided by LifeLabs’ more than 6,500 employees.
Read the full article: Quest Diagnostics to Acquire LifeLabs from OMERS, Enhancing Diagnostic Services for Canadians //
Source: https://www.prnewswire.com/news-releases/quest-diagnostics-to-acquire-lifelabs-from-omers-enhancing-diagnostic-services-for-canadians-302188624.html