GAMMA-DYNACARE ACQUIRES WARNEX MEDICAL LABORATORIES

摘要

Laval's Warnex Inc., provider of lab services to the pharmaceutical sector, has sold the assets of its Medical Laboratories Division.for $7.5 million to Ontario's Gamma-Dynacare Medical Laboratories and will use part of the proceeds to repay most of its debenture debt. Gamma-Dynacare, one of Canada's largest providers of lab services, will assume certain liabilities of Warnex, taking over 25 employees. Warnex could get up to an additional $2 million in an earn-out based on the performance of its Medical Laboratories Division in the year following the takeover.