LifeLabs to purchase B.C. Biomedical

Toronto-based LifeLabs Medical Laboratory Services announced yesterday it has entered into an agreement to purchase B.C. Biomedical Laboratories Ltd.

Toronto-based LifeLabs Medical Laboratory Services announced yesterday it has entered into an agreement to purchase B.C. Biomedical Laboratories Ltd.

Both organizations provide patient diagnostic and lab testing services, as well as home care and long-term care visits.

"With increasing demand for testing services and a challenging fiscal environment, we need to become even more effective and efficient in ensuring British Columbians receive the best service and reliable access to testing," said Sue Paish, president and CEO of LifeLabs.

"At the same time, we need to continue to invest in technologies and innovation for patients and health care providers."

B.C. Biomedical has been in operation in the province for more than 50 years and is currently owned by Dr. C. J. Coady Associates, a partnership of more than 40 lab medicine practitioners. It currently serves around two million patients every year through 45 facilities.

Paish, who joined LifeLabs in May 2012, is the former CEO of Vancouver-based Pharmasave, and divides her time between Vancouver – where she still lives in her family home – and Toronto.

LifeLabs serves 10 million patients yearly, including four million British Columbians, and has 80 centres in the province.

The purchase is subject to federal and provincial regulatory approvals and is expected to be completed this spring.

ecrawford@biv.com

@EmmaCrawfordBIV

comments powered by Disqus

More from Technology

BIV on Global BC September 28, 2016: BlackBerry's big announcement; Peekaboo Beans ...

Hayley Woodin discusses BlackBerry's announcement it is leaving the hardware business. Plus: B.C. retailer Peekaboo Beans goes public

Read Article

Vancouver's cash-strapped startups urged to consider costly legal mistakes

Read Article

Cascadian connections hit transportation roadblocks despite innovators' enthusiasm

Lack of efficient transportation links hamper further Vancouver-Seattle integration  

Read Article

Syngas conference to be held in Vancouver for first time

American conference drawn to Vancouver by cheaper hotel prices, direct flights to Asia

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×