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Sonic Healthcare beefs up US operations in $750m deal

Carrie LaFrenz
Carrie LaFrenzSenior reporter
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Sonic Healthcare is beefing up its US presence after snapping up Florida-based Aurora Diagnostics, in a cash deal valuing the group at $US540 million ($750 million).

The global pathology player in tandem announced a $600 million fully underwritten institutional placement, and a non-underwritten share purchase to retail shareholders of up to $100 million.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
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    Original URL: https://www.afr.com/business/health/sonic-healthcare-beefs-up-us-operations-in-750m-deal-20181212-h190ll