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Sonic to acquire 'Top 5' laboratory group in Germany

Summary by themarketonline.com.au
Sonic Healthcare Ltd (ASX:SHL) is increasing its footprint in Europe by acquiring Laboratory Group Dr. Kramer & Colleagues (or LADR) – regarded as one of Germany’s ‘top five’ medical laboratory groups, with a network of standalone and hospital-based laboratories throughout the country. Sonic has entered binding agreements to take on LADR – whose cash and debt free Enterprise Value (EV) has been set at €423 million – with the deal revolving aroun…
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