OMERS Infrastructure’s Post

We’re pleased to announce that an agreement has signed to sell OMERS full investment in LifeLabs to Quest Diagnostics, a leading provider of diagnostic information services. LifeLabs is the preeminent provider of critical diagnostic lab infrastructure and services across Canada, primarily in Ontario and British Columbia. Michael Hill, our Global Head of Infrastructure, said: “OMERS is proud to have supported LifeLabs’ growth over the last 17 years. Our purchase in 2007 and subsequent investments have helped LifeLabs grow into a great Canadian success story. Quest is uniquely equipped to expand the service offering at LifeLabs bringing new innovations to this market while extending access for patients in Canada.” Charles Brown, President and CEO of LifeLabs, added: “Quest is the right partner to build on the strengths of LifeLabs and align with our strategic path, which focuses on enhancing the accessibility and quality of services that we provide to millions of Canadians. We know and respect Quest, as we share similar cultures and values and a productive test-reference relationship. Together, we’ll grow LifeLabs and provide more Canadians with access to the advanced diagnostics they rely on, closer to home. We sincerely thank OMERS for its investment, leadership, and valued collaboration over 17 years.” Congratulations to Matthew Mendell, Jenine Krause and the full team involved! The full media release can be found here: https://lnkd.in/ggGQmJqY

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