INDEPENDENT NEWS

NZ Diagnostic Group, Sonic Healthcare application

Published: Tue 21 Jun 2005 10:02 AM
Media Release
Issued June 21 2004-05/141
New Zealand Diagnostic Group and Sonic Healthcare apply to the Commission for clearance
The Commerce Commission has received an application from New Zealand Diagnostic Group Limited and Sonic Healthcare (New Zealand) Limited seeking clearance for a proposed merger of NZDG and Sonic diagnostic laboratory (pathology) services businesses in six District Health Board (DHB) districts.
The relevant DHB districts are Hawke’s Bay, Canterbury, South Canterbury, West Coast, Otago and Southland.
It is proposed three new companies would be formed, each of which would acquire the businesses of NZDG and Sonic in the relevant regions.
NZDG is a privately owned group of companies providing pathology services throughout New Zealand.
Sonic is a subsidiary of medical diagnostics company Sonic Healthcare Limited, providing pathology and radiology services to medical practitioners, hospitals, community medical services and their patients. Sonic Healthcare Limited is listed on the Australian Stock Exchange.
The merger would result in aggregation in the provision of diagnostic laboratory services in three geographic regions: the Hawke’s Bay DHB district, the Canterbury DHB district and the region comprising the Otago & Southland DHB districts.
In considering the application, the Commission’s role is to determine whether the proposed merger has the effect of substantially lessening competition in a New Zealand market.
A public version of the application will shortly be available on the Commission’s website www.comcom.govt.nz under Public Registers.
ENDS

Next in Business, Science, and Tech

AI Has Multiple Uses In Surgery, Research Finds
By: University of Auckland
TRENZ Bids Goodbye To The Capital, And Hello To Rotorua
By: Tourism Industry Aotearoa
Property Manager Launches New Training Standard As Govt Abandons Regulation
By: Impression Real Estate
What Makes People Tick Environmentally?
By: University of Canterbury
Release Of Gallagher Security’s Command Centre V9.10 Unlocks New Era Of Security Tech
By: Gallagher Security Management Systems
NASA Hand-picks Kiwi Nut Butter Brand Fix & Fogg To Travel To Space In NZ First
By: Fix and Fogg
View as: DESKTOP | MOBILE © Scoop Media