Sonic Healthcare’s Latest Lab Buying Spree Nets Two U.S. Labs for $20 Million

Sonic purchased Piedmont Medical Laboratory of Winchester, Virginia, and Axiom Laboratories, of Tampa, Florida Yesterday, Sonic Healthcare, Ltd., of Sydney, Australia, officially recognized the acquisition of two clinical laboratories in the United States: Piedmont Medical Laboratory of Winchester, Virginia, and Axiom Laboratories, of Tampa. The Axiom transaction was closed earlier this summer. For both labs, Sonic will pay $20 million in cash and could pay $2.5 million more in...
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