MDS Diagnostic Services

Company in discussions to sell interest in Calgary Laboratory Services partnership

Published in Lab Law Weekly, January 6th, 2006

MDS Diagnostic Services (MDZ) announced that it is in discussions to sell its interest in the Calgary Laboratory Services partnership to the Calgary Health Region. A business agreement is under negotiation.

Under the terms of the agreement, the Calgary Health Region would purchase MDS's 25% interest in Calgary Laboratory Services. In 2005, MDS Diagnostic Services recorded approximately $70 million in revenues and $1.5 million in net income related to this partnership.

Completion of the transaction would be subject to approval by the Calgary Health Region Board and Alberta Health and Wellness in Canada.

MDS Diagnostic Services is a...

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Source: Lab Law Weekly (2006-01-06)

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