Sonic acquires in Germany

Sonic Healthcare‘s share price increased 3% after the company announced that it was buying five pathology laboratories in southwest Germany for €76m (around $110m at current exchange rates) with a mix of cash and debt. The labs are being sold by Labco, one of Europe’s largest diagnostics providers, which is withdrawing from Germany altogether. As we discussed in Sonic Healthcare: Result 2013 on 20 Aug 13 (Hold – $15.41), the German government reduced the insurance reimbursement funding pools by 10% last October to curb runaway healthcare costs. We expected this funding pressure to benefit Sonic at the expense of...

Sonic Healthcare‘s share price increased 3% after the company announced that it was buying five pathology laboratories in southwest Germany for €76m (around $110m at current exchange rates) with a mix of cash and debt.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles