Synlab acquires majority stake in PathCare Nigeria

Akij Group

Synlab, the lab operator Europe said it has acquired a majority stake in PathCare Nigeria.

Synlab said the acquisition will enable the company to have access to the Nigerian laboratory test market.

The company did not disclose how much it paid for the stake in PathCare.

The Group ranks number 1 to 3 in every key market and is thus the undisputed European market leader in the field of laboratory services with strong revenue, cash flows and high margins.  
SYNLAB leverages its scale and superior organisational structure to achieve lowest costs while at the same time providing highest quality and shortest turnaround times thanks to Europe-wide procurement and operations. This results in high efficiency, revenue growth and earnings.

Keyword: Nigeria