Lab Canada

MDS sells share in Calgary Laboratory Services partnership

Toronto, ON – Laboratory testing company MDS Diagnostic Servicessays it has sold its share of the Calgary Laboratory Services partnership to the Calgary Health Region.

Under the terms of the agreement, the Calgary Health Region purchased MDS’s 25% interest in Calgary Laboratory Services for $21.4 million. The business, which was moved into discontinued operations during the fourth quarter of 2005, generated approximately $70 million in revenues and $1.5 million in net income in 2005.