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

 


Commission clears application by Wgtn Pathology

Commission clears application by Wellington Pathology and Valley Diagnostics

The Commerce Commission has granted clearance for the merger of the diagnostic laboratory services businesses of Wellington Pathology Limited and Valley Diagnostic Laboratories Limited in the Hutt Valley and Capital & Coast District Health Board districts.

The Commission Chair, Paula Rebstock, said that the Commission was satisfied that the proposed acquisition would not have, or would not be likely to have, the effect of substantially lessening competition in the relevant markets.

Background

Wellington Pathology is a wholly owned subsidiary of Abano Healthcare Group Limited. The Abano Group incorporates a range of healthcare and medical services companies, including rehabilitation, diagnostic and dental divisions. Abano is listed on the New Zealand Stock Exchange.

Valley Diagnostic is a wholly owned subsidiary of medical diagnostics company Sonic Healthcare (New Zealand) Limited, which is in turn a wholly owned subsidiary of Sonic Healthcare Limited. Sonic Healthcare Limited is a medical diagnostics company, 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.

A public version of the Commission’s decision will shortly be available on the Commission’s website under Public Registers/Clearances.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

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>>

ALSO:

Half A Billion Accounts, Including Xtra: 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>>

ALSO:

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>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news