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Dynacare Acquires Valley Medical Laboratories

Apr 19, 2023about 2 years ago

Acquiring Company

Dynacare

Acquired Company

Valley Medical Laboratories

MedicalHealth Care

Description

Dynacare, a Labcorp subsidiary and one of Canada’s leading health and wellness solutions providers, today announced that they have entered into an agreement to acquire Valley Medical Laboratories in British Columbia effective May 1, 2023.

Company Information

Company

Dynacare

About

Dynacare, a Labcorp company, is committed to being Canada’s health and wellness solutions leader. Quality care is at the heart of everything we do. We are continually developing innovative programs and services to positively impact the lives of Canadians and help healthcare providers deliver the best care possible. This includes our specialized testing, convenient home care services, and Dynacare Plus, an easy-to-use online portal where individuals can understand their lab test results and manage their health. In addition to offering the largest and most advanced menu of diagnostic and screening tests in Canada, Dynacare supports physicians in making more confident diagnoses and clinical decisions. Dynacare Genetics and Specialty Services is shaping the future by bringing advances in medical laboratory testing and innovative services to clinicians and the healthcare industry. Through Dynacare Insurance Solutions we provide fast accurate medical evidence to the insurance industry, and we are helping improve the health and safety of employees through workplace testing and wellness programs with Dynacare Workplace.

DealWatch™ Score

65
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed