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MAY-News

  1. Jordi

    237 posts.
    MELBOURNE, June 25 (Reuters) - Health care and logistics provider Mayne Group Ltd agreed on Wednesday to buy the Queensland Medical Laboratory Group (QML), one of Australia's largest privately-owned pathology practices.

    It said the enterprise value of the acquisition is A$268.25 million ($153.3 million), and the purchase is cash earnings per share accretive immediately.

    Mayne's shares, under severe pressure since April amid concerns about its hospital earnings, closed at A$4.11 on Tuesday, a long way from a three-year high close of A$7.50 hit last October.

    Mayne was reported to have competed for QML against Gribbles Group Ltd , whose shares closed at 71 cents

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