In a significant development for the Canadian medical testing industry, Blakes and McCarthy Tétrault are advising on the $1.35 billion sale of LifeLabs by OMERS to Quest Diagnostics. OMERS, a major pension plan, has owned LifeLabs since 2007 and is now facilitating its acquisition by one of the largest medical testing companies in the world. Full details of the transaction are still emerging, but the legal intricacies are being meticulously handled by top legal firms.
For more detailed information, you can visit the original paywalled article here.