Sonic Healthcare enters partnerships with US hospitals

Company News

by David Chau

Sonic Healthcare (ASX:SHL) has signed contracts to enter into two partnerships with major hospital networks in the United States.

The company will partner with Baptist Memorial Healthcare (which is headquartered in Memphis, Tennessee) to operate a bacteriology laboratory which will serve Baptist’s 17 hospitals.

Sonic Healthcare also entered a joint venture (JV) partnership with the Western Connecticut Health Network.

The purpose of this JV is to combine the laboratory testing capabilities of WCHN’s three community based hospitals with the testing capabilities offered by the company through its Sunrise Medical Laboratories division.

Sonic Healthcare posted a net profit of $466 million at 30 June 2016.

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?