Gamma-Dynacare Medical Laboratories To Acquire Quebec Business and Operations of LifeLabs

BRAMPTON, ON, March 28, 2012 /CNW/ - Gamma-Dynacare Medical Laboratories announced today that it has entered into a definitive agreement with LifeLabs Limited Partnership to acquire the business and operations of LifeLabs Quebec.  The transaction is expected to close on April 28, 2012, with Gamma-Dynacare assuming responsibility for laboratory testing and Patient Services Centre operations effective April 30, 2012.

"We welcome this opportunity to expand our presence in Quebec, which is a key growth market for Gamma-Dynacare," said Naseem Somani, President and Chief Executive Officer, Gamma-Dynacare Medical Laboratories. "This acquisition brings well-established client relationships and resources with which to grow our business in Quebec."

Gamma-Dynacare's Quebec operations include a medical diagnostics laboratory in Pointe-Claire and its recently acquired Warnex Medical Laboratory facility in Laval, plus a network of 24 Patient Services Centres in the Montreal and Quebec City areas.  This acquisition will enhance Gamma-Dynacare's presence with the addition of LifeLabs' clinical operations and four Patient Services Centres in the Montreal area.

"We are committed to investing in and growing our operations in Quebec, supporting healthcare professionals and patients with laboratory services that improve health and wellness in the province," concluded Ms. Somani.

About Gamma-Dynacare Medical Laboratories

Providing Information.  Impacting Lives.  Caring for People.  By living this mission, Gamma-Dynacare Medical Laboratories will achieve its vision of becoming the trusted leader in transforming laboratory information and services into solutions that improve health, wellness and the Canadian health care system.

Gamma-Dynacare (www.gamma-dynacare.com) is one of Canada's largest and most respected providers of laboratory services and solutions, with more than 50 years of experience serving Canadians. Headquartered in Brampton, Ontario, Gamma-Dynacare operates five laboratories in Ontario (Brampton, Bowmanville, London, Ottawa and Thunder Bay), two in Quebec (Pointe-Claire and Laval) and three in Winnipeg.  In addition, Gamma-Dynacare operates 200 Patient Services Centres in Ontario, Quebec, Manitoba, Saskatchewan and Alberta.  Gamma-Dynacare's 2,000 skilled and dedicated employees perform millions of tests each year, supporting patients, healthcare professionals and public and private sector clients with the laboratory services and critical information necessary for good health care and health-related decisions.

For further information:

Shelley Jourard, Director, Corporate Communications, Gamma-Dynacare Medical Laboratories, (905) 790-3515, ext. 5377 or 1-866-790-3515, ext. 5377 or jourards@gamma-dynacare.com