TORONTO – Ontario Health Minister Deb Matthews says she won’t stop a takeover that will see one company controlling more than half of the province’s community medical lab centres.
Shareholders of CML Healthcare Inc. (TSX:CLC) approved today a $1.2-billion takeover deal by LifeLabs Inc.
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They’re two of the biggest private operators of community lab services in the province.
But critics say they’re concerned that the deal will create a virtual monopoly that will affect patient care.
A group of smaller community lab companies are urging Matthews to kill the takeover or at least hold public meetings to determine how it will affect patient care.
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LifeLabs CEO Sue Paish says the company has no plans to close any patient access centres – either the licenced ones or the unlicenced ones where patients can get services directly through their doctor’s offices.
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