Abano Announces Potential Merger

13 June 2005

Abano Announces Potential Merger Of Medical Laboratory Wellington And Sonic's Valley Diagnostics

Listed healthcare and medical services company, Abano Healthcare Group Limited, today announced that its diagnostics sector, Abano Diagnostics, is in preliminary discussions with Sonic Healthcare Limited to merge its Wellington community pathology practice and Sonic's Hutt Valley based community practice.

Managing Director of Abano, Mr Alan Clarke said: "A merger of Medical Laboratory Wellington and Valley Diagnostic is being explored, following indications from the Capital and Coast and Hutt Valley District Health Boards that they would like to see a rationalisation of laboratory services in the region."

If this goes ahead, the initiative will establish New Zealand's second largest single site community pathology practice, and provide an important back up facility for the region, to complement the public sector's two hospital-based in-patient laboratories.

ENDS

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