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  5. Virtus Health Acquires Labservices Pty

M&A Deal Summary

Virtus Health Acquires Labservices Pty

On May 20, 2016, Virtus Health acquired healthcare services company Labservices Pty for 4M USD

Acquisition Highlights
  • This is Virtus Health’s 5th transaction in the Healthcare Services sector.
  • This is Virtus Health’s 3rd largest (disclosed) transaction.
  • This is Virtus Health’s 4th transaction in Australia.

M&A Deal Summary
Date 2016-05-20
Target Labservices Pty
Sector Healthcare Services
Buyer(s) Virtus Health
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Labservices Pty

Deakin, Australia
Labservices Pty Ltd. (Canberra Fertility Centre) is a provider of healthcare services in Australia.

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Buyer(S) 1

Buyer

Virtus Health

Greenwich, Australia
Category Company
Founded 2008
Sector Healthcare Services
Employees1,300
Revenue 257M AUD (2020)
DESCRIPTION

Virtus Health is a provider of clinical, scientific, diagnostic and day surgery services. Virtus Health was founded in 2008 and is based in Greenwich, Australia.

DEAL STATS #
Overall 5 of 5
Sector: Healthcare Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Australia M&A 4 of 4
Year: 2016 M&A 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-03 IDS Pathology Laboratory

Hurstville, Australia

IDS Pathology Laboratory (Independent Diagnostic Services) is a privately run pathology laboratory in the southern suburbs of Sydney with a network of seven collection centres.

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