News, Analysis, Trends, Management Innovations for
Clinical Laboratories and Pathology Groups

Hosted by Robert Michel

News, Analysis, Trends, Management Innovations for
Clinical Laboratories and Pathology Groups

Hosted by Robert Michel
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Sonic Healthcare Moves into Hawaii by Acquiring Clinical Laboratories of Hawaii

Earlier today, Sonic Healthcare, Ltd. of Sydney, Australia, announced the acquisition of Clinical Laboratories of Hawaii LLC (CLH), based outside Honolulu in Ewa Beach, Hawaii.

Sonic disclosed that it will pay approximately US$121 million for CLH, which has annual revenues of about $110 million. According to Sonic, the purchase price represents a multiple of prospective EBITDA (earnings before interest, taxes, depreciation, and amortization) of 6.2. Both parties expect the acquisition to close by the end of third quarter, subject to anti-trust review by the federal government. (more…)

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