BRAMPTON, ON, Jan. 16, 2014 /CNW/ - Gamma-Dynacare Medical Laboratories
announced today that it has acquired Lab Bio-Medic, a privately owned
laboratory in Quebec that provides services to medical clinics,
industries, insurance companies and clinical research organizations.
"This investment is an important step forward in our long-term strategy
and commitment to grow in Quebec through excellent clinical quality,
service and patient care," said Ms. Naseem Somani, President and Chief
Executive Officer, Gamma-Dynacare Medical Laboratories. "Lab Bio-Medic
brings to Gamma-Dynacare a growing business with strong client
relationships, talented people and a shared commitment to quality,
accessibility and quick service. The addition of Lab Bio-Medic
solidifies Gamma-Dynacare's position as the leading private sector
laboratory services provider in Quebec."
Gamma-Dynacare's Quebec operations include a newly renovated and
re-engineered medical diagnostics laboratory in Saint-Laurent that was
opened in October 2012, the Laval-based operations of Gamma-Dynacare's
GD Specialized Diagnostics division, which provides specialty
laboratory testing to clients across Canada, and a network of 27
Patient Services Centres in the Montreal, Quebec City and Gatineau
areas. Gamma-Dynacare also provides medical information collection
services for the insurance industry under the name MedAxio, and medical
courier and logistics services under the name Accuro Health Services.
This acquisition will enhance Gamma-Dynacare's presence with the
addition of Lab Bio-Medic's two laboratories and four Patient Services
Centres, located in Montreal and Quebec City.
Gamma-Dynacare will offer employment to all Lab Bio-Medic employees. In
addition, Marc Hamilton, President of Lab Bio-Medic, will remain with
Gamma-Dynacare in his current role.
"I am excited by the opportunity for our company to join Gamma-Dynacare,
which is the largest private laboratory in Quebec and provides health
care services nationally across Canada," said Mr. Hamilton. "This
agreement represents an excellent opportunity to benefit from
Gamma-Dynacare's scope and expertise to expand the range of services
offered to our clients."
"We look forward to combining our strengths to enhance clients'
practices and patient care while making a valued contribution to
Quebec's health care system," 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 is one of Canada's largest and most respected providers
of laboratory services and health care solutions, with more than 50
years of experience serving Canadians. Headquartered in Brampton,
Ontario, Gamma-Dynacare operates laboratories in Ontario (Brampton,
Bowmanville, London, Ottawa and Thunder Bay), Quebec (Saint-Laurent and
Laval), Manitoba (Winnipeg) and Alberta (Edmonton). Its operations
also include more than 200 Patient Services Centres in Ontario,
Manitoba and Saskatchewan.
Gamma-Dynacare also provides medical information collection services for
the insurance industry under the name MedAxio, and medical courier and
logistics services under the name Accuro Health Services.
Gamma-Dynacare's 2,400 skilled and dedicated employees perform 50
million 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
About Lab Bio-Medic
Part of the portfolio of Persistence Capital Partners (PCP), a private
equity fund specializing in health services, Lab Bio-Medic operates two
laboratories equipped with state-of-the-art equipment located in Quebec
and Montreal. Established in 1998, Lab Bio-Medic provides routine
biomedical analysis and specialized tests such as cytopathology
(immunohistofluorescence test) and the detection of allergies. Its
client base includes private clinics, industrial medicine clinics,
insurance companies and clinical research services. Its operations meet
the requirements of ISO-15189 certification and its technology platform
is in compliance with the FDA 21 CFR part 11 of the pharmaceutical
SOURCE: Gamma-Dynacare Medical Laboratories
For further information:
Shelley Jourard, Director, Corporate Communications, Gamma-Dynacare Medical Laboratories, (905) 790-3515, ext. 5377 or 1-866-790-3515, ext. 5377.