Sonic Pays $180 Million In Acquisition of AEL

By Robert Michel | From the Volume XIII No. 17 – December 18, 2006 Issue

CEO SUMMARY: In a transaction that was quietly negotiated, Sonic Healthcare Ltd. will purchase American Esoteric Laboratories, Inc. (AEL). News of the sale was released Friday and the sale may close in early January. Once it owns AEL, Sonic will have a major presence in Memphis, Tennessee…

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Evolving Strategy Guides American Esoteric Labs

By Robert Michel | From the Volume XIII No. 14 – October 16, 2006 Issue

CEO SUMMARY: Back in April 2004, when American Esoteric Laboratories, Inc.(AEL)launched operations, its declared ambition was to become a national esoteric testing firm. However, given the positive experiences from its acquisition of Memphis Pathology Laboratories in September 2004, AEL h…

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October 16, 2006 “Intelligence: Late Breaking Lab News”

By Robert Michel | From the Volume XIII No. 14 – October 16, 2006 Issue

American Esoteric Laboratories, Inc. today announced that it has signed an extended, five-year contract to provide reference and esoteric testing services to the 14-hospital Baptist Memorial Health Care Corporation (BMHCC) in Memphis, Tennessee. This relationship was…

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MDS Sells Calgary Lab, May Spin Off Other Labs

By Robert Michel

CEO SUMMARY: Nine months after it declared that it would exit the laboratory testing business in Canada by selling its laboratories, MDS, Inc. has finally closed its first sale. Calgary Health Region, already a 50% owner of Calgary Laboratory Services, has purcha…

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March 20, 2006 “Intelligence: Late Breaking Lab News”

By Robert Michel | From the Volume XIII No. 4 – March 20, 2006 Issue

On March 13, 2006, American Esoteric Laboratories, Inc. (AEL) of Brentwood, Tennessee announced the acquisition of Physicians Medical Laboratory (PML). Terms of the transaction were not disclosed. Located in Morristown, Tennessee, PML gives AEL a presence in east Ten…

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Review of 2004 Lab Sales Identifies Buyer Interest

By Robert Michel | From the Volume XII No. 3 – February 14, 2005 Issue

CEO SUMMARY: Laboratory acquisition activity was surprisingly high during 2004. One reason is that new buyers appeared in the marketplace. However, all buyers have specific acquisition criteria. When a selling lab meets that criteria, it can expect multiple bidders and a strong purchase p…

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RFID, Georgetown University Hospital, HIV Screening Studies, MDS, Duke, HCA, Cigna

By Robert Michel | From the Volume XII No. 3 – February 14, 2005 Issue

PFIZER AND GLAXO-SK TO USE RFID TAGS IN 2005, RFID TEST IN BLOOD BANK RADIO FREQUENCY IDENTIFICATION (RFID) is making swift progress in a variety of healthcare applications. The Food and Drug Administration (FDA) wants to secure the nation’s drug supply through widespread…

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Memphis Path Lab JV Purchased By AEL

By Robert Michel | From the Volume XI No. 14 – October 11, 2004 Issue

CEO SUMMARY: Memphis Pathology Labs’ two hospital owners and their JV partner, MDS, surprised many with the sale of the lab venture to American Esoteric Laboratories (AEL). It’s the end of a successful joint venture between several hospitals and a commercial laboratory company. It als…

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Going, Going, Soon Gone: MDS Pulling Out of U.S.

By Robert Michel | From the Volume XI No. 14 – October 11, 2004 Issue

CEO SUMMARY: Even as the best of its lab testing joint ventures with hospitals and health systems prove profitable, MDS Diagnostic Services is taking active steps to resolve its participation as a partner. In a candid interview, its President and CEO acknowledged the best attributes of su…

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LabCorp Buys MDS Labs In New York and Georgia

By Robert Michel | From the Volume XI No. 5 – April 5, 2004 Issue

CEO SUMMARY: It’s the final chapter of the “Canadian Invasion” of the U.S. laboratory testing market. In the mid-1990s, both MDS and Dynacare built a sizeable presence in the United States as they both worked to develop joint ventures with hospital laboratories. Dynacare was acquire…

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