- By acquiring labor team, Galenica is adding a leading Swiss diagnostic service provider to its healthcare network.
- The strategic acquisition will enable Galenica to further expand its offerings in the physicians segment.
- This opens up the possibility of offering selected additional pharmacy services in the area of diagnostics.
- Combined net sales of labor team in 2024 amounted to CHF 114 million.
Galenica Ltd. is acquiring Diagnostics Group GmbH (hereinafter labor team) and will enter the diagnostics business. The planned acquisition of Switzerland’s fourth-largest medical laboratory will give Galenica access to a leading diagnostic service provider with a strong market position. This enables Galenica to continue along its path of growth and to strengthen its healthcare network and value chain with an additional strategic business area. The transaction requires the approval of the Swiss Competition Commission (COMCO).
«labor team is a perfect fit for our strategic focus and our goal further connecting the healthcare sector. The business activities of labor team and Galenica are an ideal match, and the two companies share highly compatible corporate cultures. Both companies want to drive forward healthcare innovations,» says Galenica CEO Marc Werner.
«By joining the Galenica network, we can further expand our leading position and make our broad-ranging offering even more widely available throughout Switzerland. In addition, Galenica’s corporate culture offers the best conditions for innovations in the field of diagnostics,» says Dr med. Alain M. Cahen, CEO of labor team.