Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


NZ Diagnostic Group, Sonic Healthcare application

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 under Public Registers.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news