Business
Bankers hired to sell No.3 pathology player Australian Clinical Labs – The Australian Financial Review
Australian private equity firm Crescent Capital Partners has moved to pitch the business to potential buyers.
Crescent Capital bought what was hospital owner Healthscope’s Australian pathology business for $105 million to create Australian Clinical Labs in 2015.
It acquired St John of God Health Care’s pathology unit in 2016 to add chunky Victorian and West Australian businesses to a network that already spanned Victoria, South Australia, NSW and the Northern Territory. It also bought Perth Pathology.
Crescent and ACL’s management, headed by chief executive Melinda McGrath, upgraded lab facilities and…
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