Sonic Healthcare

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Sonic Healthcare Ltd
Public
Traded as ASXSHL
Industry Health - Medical Diagnostics
Founded 1987. Parts of the company have operated for many decades
Headquarters Macquarie Park, Sydney, New South Wales, Australia
Key people
Colin Goldschmidt (CEO, Managing Director)
Products Pathology/laboratory medicine and Imaging/radiology
Revenue Increase A$4,201 million (2015)[1]
Number of employees
32,000
Website www.sonichealthcare.com

Sonic Healthcare Limited is an Australian company that provides laboratory services, pathology, and radiology services.

The Sydney-based company has its roots in the pathology practice of Douglass Laboratories, and since has become one of the largest diagnostic companies. It has a presence in Australia, New Zealand, USA, United Kingdom, Germany, Switzerland, Belgium and Ireland ; it is the largest medical laboratory provider in Australasia and Europe and the third largest in the USA, it employs over 32,000 people.[2]

It was listed on the Australian Stock Exchange in 1987 as Sonic Technology Australia Ltd. The company changed its name to Sonic Healthcare Ltd in 1995.[3] It is now part of the S&P/ASX 50, and is one of the largest medical companies listed on the ASX, CSL Limited, Cochlear and ResMed being the only other listed medical companies of comparable size. The company strategy is growth by acquisition of overseas companies.[4] There is limited opportunity to expand further in the Australian marketplace and income in Australia is largely dependent on government health funding through Medicare. The firm has diversified its revenue base with moves offshore from Australia. In 2016, approximately 60% of the company's revenues were generated from business operations outside Australia.

Annual Revenues for Financial Year to June 30, 2017 exceeded A$5.1 billion.[2]

Colin Goldschmidt is the CEO and managing director.

Acquisitions[edit]

  • Medisupport, based in Switzerland, July 2015
  • KLD in Belgium, July 2015
  • the laboratory business of Central Coast Pathology Consultants (“CCPC”), a high quality laboratory in California, USA. Feb 2011
  • Physicians’ Automated Laboratory (“PAL”), based in Bakersfield, California, USA. Jan 2011
  • KBL-BML-Unilabo Laboratory (“KBL”), based in Antwerp and the Woestyn Laboratory, based in Mouscron. Jan 2011
  • US pathology firm CPL-Clinical Pathology Laboratories for $US123.5 million (A$121.5 million).[5]
  • Bioscientia Healthcare Group based in Ingelheim, Germany, 2007[6]

References[edit]

  1. ^ http://www.sonichealthcare.com/investor-information/annual-report.aspx
  2. ^ a b http://www.sonichealthcare.com/media/95803/1463156.pdf
  3. ^ "History". Sonic Healthcare. 
  4. ^ Greenblat, Eli (2010-02-24). "Profits rise but Sonic disappoints". Sydney Morning Herald. Retrieved 2010-05-01. 
  5. ^ "Sonic Healthcare acquires US pathology firm". created acquisition section. Business Spectator. Retrieved 8 November 2010. 
  6. ^ "Bioscientia a member of SONIC HEALTHCARE". Retrieved 18 April 2017. 

External links[edit]