M&A Deal Summary

Sonic Healthcare Acquires SYNLAB

On June 27, 2023, Sonic Healthcare acquired life science company SYNLAB from SYNLAB for 150M CHF

Acquisition Highlights
  • This is Sonic Healthcare’s 6th transaction in the Life Science sector.
  • This is Sonic Healthcare’s 8th largest (disclosed) transaction.
  • This is Sonic Healthcare’s 2nd transaction in Switzerland.

M&A Deal Summary
Date 2023-06-27
Target SYNLAB
Sector Life Science
Buyer(s) Sonic Healthcare
Sellers(s) SYNLAB
Deal Type Divestiture
Deal Value 150M CHF

Target

SYNLAB

Kriens, Switzerland
website
SYNLAB is a laboratory group with coverage of all three Swiss language regions and provides services to GP, specialist, and hospital clients across the full range of routine and specialty laboratory medicine, including anatomical pathology and human genetics. SYNLAB is based in Kriens, Switzerland

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Buyer(S) 1

Buyer

Sonic Healthcare

Sydney, Australia

website

Category Company
Founded 1934
Sector Medical Products
Employees37,000
Revenue 6.8B AUD (2020)
DESCRIPTION

Sonic Healthcare is a medical diagnostics companies, providing laboratory and radiology services to medical practitioners, hospitals, community health services, and their collective patients. Sonic Healthcare was founded in 1934 and is based in Sydney, Australia.

DEAL STATS #
Overall 42 of 43
Sector (Life Science) 6 of 6
Type (Divestiture) 5 of 5
Country (Switzerland) 2 of 3
Year (2023) 3 of 3
Size (of disclosed) 8 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-26 Medical Laboratories Dusseldorf

Dusseldorf, Germany

Medical Laboratories Dusseldorf is a clinical laboratory that operates an efficient hub-and-spoke infrastructure around its 24/7 Duesseldorf central laboratory, as well as several branch and hospital sites across the Duesseldorf metropolitan region. Medical Laboratories Dusseldorf was forme din 1968 and is based in Dusseldorf, Germany.

Buy €180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 Patho Enge Pathology Institute

Zurich, Switzerland

Patho Enge Pathology Institute specializes in histo, cyto, and molecular pathology laboratory diagnostics. Patho Enge Pathology Institute is based in Zurich, Switzerland.

Buy -

Seller(S) 1

SELLER

SYNLAB

Munich, Germany

website

Category Company
Founded 1998
Sector Healthcare Services
Employees23,538
Revenue 2.6B EUR (2023)
DESCRIPTION

SYNLAB provides human and veterinary laboratory services. Synlab operates across more than 35 countries on three continents and undertakes more than 500 million clinical tests for more than 50 million patients annually. SYNLAB was founded in 1998 and is based in Munich, Germany.

DEAL STATS #
Overall 2 of 3
Sector (Life Science) 2 of 3
Type (Divestiture) 2 of 3
Country (Switzerland) 1 of 1
Year (2023) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Synlab Group - Analytics & Services business

Augsburg, Germany

Synlab Group's Analytics & Services business is a provider for the environment, food, hygiene, pharma, and product analysis and testing. Synlab Group's Analytics & Services business is based in Augsburg, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 SYNLAB.vet

Augsburg, Germany

SYNLAB.vet is a provider of specialist veterinary laboratory diagnostics. The company supports the work of veterinarians, zoos, breeding farms, universities, research institutes, and veterinary clinics with our scientific expertise, a comprehensive portfolio of diagnostic services, and the passion of its specialists. SYNLAB.vet is based in Augsburg, Germany.

Sell -
Mergr

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