Sonic Healthcare buys US diagnostic companies

Pathology company, Sonic Healthcare, headquartred at Macquarie Park, has paid $A37.5 million for two US diagnostic companies. "Our intention is to continue with acquisitions, particularly in Europe and the US," Sonic company secretary, Paul Alexander, said the The Australian Financial Review.

He said Sonic would consolidate the fragmented pathology markets in the US, where it was the third-largest player, and in Europe, where it was the largest lab company, during 2998. Sonic Healthcare is one one of the world's largest medical diagnostic companies.