Sonic Healthcare

Sonic Healthcare advised this week that it would not proceed with acquiring Healthscope’s pathology divisions in New South Wales and the Australian Capital Territory (outlined on 16 May 12 (Hold – $12.81)). No reason was provided, although it’s possible Sonic was receiving signals from the Australian Competition and Consumer Commission (ACCC) that it would not approve the transaction. Sonic still wishes to acquire the Queensland and Western Australian divisions, although they remain subject to ACCC approval as well. Apparently the ACCC still has concerns with the transaction, because it is taking some time to complete the deal. The competition...

Sonic Healthcare advised this week that it would not proceed with acquiring Healthscope’s pathology divisions in New South Wales and the Australian Capital Territory (outlined on 16 May 12 (Hold – $12.81)). No reason was provided, although it’s possible Sonic was receiving signals from the Australian Competition and Consumer Commission (ACCC) that it would not approve the transaction.

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