Laboratory Services

 

Exploring ‘dark labs’, at-home testing potential, and the diagnostic lab sector’s consolidation at HBI 2024

The global laboratory diagnostics market has grown significantly, with research estimating its value at around USD $210.58 billion in 2023. It is expected to reach approximately USD $284.38 billion by 2033, expanding at a CAGR of 3.05% from 2024 to 2033. This growth is driven by rising chronic diseases, an ageing population, and the increasing demand for early diagnostics. At HBI 2024, the panel 'Laboratory Diagnostics – Growth Beyond Consolidation' brought together industry experts.
July 3, 2024

Eurofins’ share price falls after allegations it is “optimised for malfeasance”

Multinational French labs group Eurofins saw its share price lose almost a quarter of its value on Monday after US investigative research and investment firm Muddy Waters released a report highlighting numerous “oddities and contradictions” which it believes suggest the group is “optimised for malfeasance”. The share price regained most of its lost value after Eurofins published a rebuttal which addressed some of the issues raised in the report. However questions still remain, most pertinently over allegations that the firm’s CEO and founder, Gilles Martin, has been using real estate to “siphon” off money from the company.
June 28, 2024

IFM rumoured to be frontrunner in sale of Healius’ imaging division

Listed Australian primary care, pathology and diagnostics group Healius is selling its imaging branch, Lumus Imaging, as part of a restructuring plan to reduce the business complexity. According to local news sources, global institutional investment manager IFM Investors is now the frontrunner in the auction process.
June 28, 2024

Healthcare investment “through the bottom of the cycle” — Goldberg (Rothschild)

At last year’s conference Hedley Goldberg, Managing Director at multinational investment bank Rothschild, predicted healthcare M&A activity would begin picking up again in Q4 2023 or Q1 2024. But we’re now halfway through 2024 and there are still very few deals above €500m taking place. Goldberg is confident, however, that we have now passed through the bottom of the cycle.
June 20, 2024

HBI 2024 Day Three, Afternoon Briefing

The afternoon of day three of HBI 2024 included sessions on getting the most out of your data, elderly care, diagnostic labs, and medical aesthetics.
June 14, 2024

Workers in Finland’s private labs and imaging sector go on strike

Workers in Finland’s private diagnostic imaging and labs sectors have called a strike over wages. Major groups Mehiläinen, Terveystalo, Pihlajalinna, Synlab and Vita Laboratories will be affected. However, a Terveystalo spokesperson tells us the strikes “are not expected to have a material impact on providers nor risk the health of our patients”.
May 31, 2024
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