Quest Diagnostics said on Wednesday it would acquire Canada-based LifeLabs from pension plan owner OMERS for about $1.35 billion, including net debt.
LifeLabs, which provides community laboratory tests, would retain its brand, Canadian headquarters and management after the acquisition is closed.
The U.S. laboratory operator will acquire 100 per cent of the equity of LifeLabs and expects to fund the acquisition through cash on hand and debt. Quest expects the deal to generate roughly US$710 million in annual revenues.
The transaction is expected to be completed by the end of the year.
(Reporting by Sneha S K in Bengaluru; Editing by Shilpi Majumdar)
The Canada Revenue Agency (CRA) may face some hurdles in collecting the money loaned through COVID-19 pandemic relief programs, like the Canada Emergency Response Benefit (CERB), according to a tax lawyer.
Canada has taken an early lead over Venezuela in their Copa America quarter-final with Jacob Shaffelburg scoring the first point of the game.
U.S. President Joe Biden, fighting to save his endangered reelection effort, used a highly anticipated TV interview Friday to repeatedly reject taking an independent medical evaluation that would show voters he is up for serving another term in office while blaming his disastrous debate performance on a 'bad episode' and saying there were 'no indications of any serious condition.'
What seemed to be a minor passport issue turned into a major problem for a New Brunswick man who was denied a boarding pass from Air Canada.
Statistics Canada’s latest jobs report shows youth unemployment reached a near decade high.
Deep inside Earth is a solid metal ball that rotates independently of our spinning planet, like a top whirling around inside a bigger top, shrouded in mystery.
Hogweed is harmful to humans and, experts say, the invasive species has become a growing problem in southern Ontario.
An eight-year-old boy from Los Angeles had his vacation to Montreal include a dramatic moment when a creature swimming underwater bit him causing a bloody scene at Jean Dore beach.
The Opposition Conservatives vowed Friday that a future Pierre Poilievre-led government would remove the man the Liberals just appointed to lead the Canadian Human Rights Commission.
Statistics Canada’s latest jobs report shows youth unemployment reached a near decade high.
What seemed to be a minor passport issue turned into a major problem for a New Brunswick man who was denied a boarding pass from Air Canada.
The Canada Revenue Agency (CRA) may face some hurdles in collecting the money loaned through COVID-19 pandemic relief programs, like the Canada Emergency Response Benefit (CERB), according to a tax lawyer.
An independent report into the 2022 Rogers outage says the company lacked several protections and redundancies that could have either prevented the outage or ended it sooner.
Opposition parties in Newfoundland and Labrador say they’re growing frustrated at the decision by health officials to move freezers of unclaimed human remains into an underground hospital parking garage.
A White City, Sask. family is raising awareness for youth mental health following their son’s death last month.
U.S. President Joe Biden, fighting to save his endangered reelection effort, used a highly anticipated TV interview Friday to repeatedly reject taking an independent medical evaluation that would show voters he is up for serving another term in office while blaming his disastrous debate performance on a 'bad episode' and saying there were 'no indications of any serious condition.'
The Vatican has excommunicated its former ambassador to the U.S., Archbishop Carlo Maria Vigano, after finding him guilty of schism, an inevitable end for the firebrand conservative who became a symbol of the polarized Catholic Church in the U.S. and beyond.
A slow-moving and potentially record-setting heat wave is spreading across the Western U.S., the National Weather Service said, sending many residents in search of a cool haven from the dangerously high temperatures. The Southeast and Mid-Atlantic regions of the U.S. are also sweltering, with oppressive heat and humidity expected to last through Saturday.
The indictment of former Brazilian President Jair Bolsonaro for money laundering and criminal association in connection with undeclared diamonds from Saudi Arabia marked the far-right leader's second formal accusation, with more potentially in store.
The low-profile moderate Masoud Pezeshkian, who has pledged to open Iran to the world and deliver freedoms its people have yearned for, is expected to win the run-off presidential vote on Friday, an Iranian source told Reuters.
Less than a week after an Arizona man reported his wife missing, launching an expansive search that quickly turned into a criminal investigation, he admitted to killing her and pleaded guilty to murder, authorities announced Friday.
The Labour Party’s landslide win in the United Kingdom election Thursday is renewing hope that trade talks between Ottawa and London could re-start according to Canada’s High Commissioner in the U.K.
Former foreign affairs minister Marc Garneau says Canada has lost its standing in the world under the tenure of Prime Minister Justin Trudeau, whom he criticizes as an ill-prepared leader who prioritizes politics and makes big pronouncements without any follow-through.
The Opposition Conservatives vowed Friday that a future Pierre Poilievre-led government would remove the man the Liberals just appointed to lead the Canadian Human Rights Commission.
Hogweed is harmful to humans and, experts say, the invasive species has become a growing problem in southern Ontario.
Plague, one of the deadliest bacterial infections in human history, caused an estimated 50 million deaths in Europe during the Middle Ages when it was known as the Black Death.
On two separate occasions and without prompting, Tracy Polewczuk says she was informed that she would be eligible for medical assistance in dying (MAID) even though she didn't ask for it.
Discovering your phone was lost or stolen can be a stressful experience. Here are steps to help recover your device and protect your data.
Deep inside Earth is a solid metal ball that rotates independently of our spinning planet, like a top whirling around inside a bigger top, shrouded in mystery.
Bulgarian archeologists stumbled upon unexpected treasure this week during a dig in an ancient Roman sewer - a well-preserved, marble statue depicting the Greek god Hermes.
Film critic Richard Crouse made a list to help make movie night enjoyable for all members of the family, no matter what age.
Kendrick Lamar turned the visual of his Drake diss track into a family affair. The song is part of what has become a very public feud between Lamar and Drake.
The British power couple got hitched in 1999, fusing the worlds of fashion and football forever. While their marriage has endured 25 years later, the pair have come to regret some of the minor details of their big day.
An Ontario judge has authorized a sale process which could see The Body Shop Canada land new owners.
In the first few weeks of summer, the real estate sector is experiencing an upturn marked by more housing inventory, a Canadian realtor says
Several North American department stores are joining forces under a deal that will see Hudson's Bay Co. buy Neiman Marcus and spin it out into a larger business along with some of its other prestige retailers.
A Toronto woman who had been searching for her biological parents since she was a child finally has the answers she longed for at the age of 77.
Whether it’s from dangerous currents, seemingly placid lakes or swimming pools, the drowning statistics from the U.S. Centers for Disease Control and Prevention are shocking.
Billionaire heir Anant Ambani is set to marry his longtime girlfriend Radhika Merchant later this month, in a lavish ceremony widely described as the country's wedding of the year.
Canada has taken an early lead over Venezuela in their Copa America quarter-final with Jacob Shaffelburg scoring the first point of the game.
Substitute Mikel Merino headed Spain into the semifinals of the European Championship as they snatched a 2-1 win over Germany in extra time on Friday.
Jessica Campbell is making history in the National Hockey League (NHL) by recently being hired as the first female full-time coach for the Seattle Krakens.
For the first time ever, Tesla cars have been placed on a Chinese government purchase list, according a to state-owned media outlet.
CDK Global said 'substantially all' of the nearly 15,000 car dealerships that use its software across North America are back online to its core management system, almost two weeks since a cyber incident caused a software blackout.
Transport Canada recalled various vehicles over the last week, including Kia, Toyota, Volkswagen and Porsche cars.
Adam finds out how a giant tortoise walking along a sidewalk is inspiring a woman visiting from Australia.
A wrestling fan from Guelph, Ont. thought he was down for the count after winning tickets to a “once-in-a-lifetime” WWE event in Toronto.
Lacey may look like just another pet chicken on Emily Carrington’s B.C. property. But she has a title her coop mates don’t: Guinness World Record holder.
Philip Kim, who competes as "B-Boy Phil Wizard," is set to make Canadian sports history this summer as the country's first-ever Olympic breaking athlete.
A new documentary filmed in Nova Scotia by marine biologist and veterinarian Dr. Chris Harvey Clark explores the increased number of white shark observations in Canadian waters.
A never-before-lived-in mansion in Whistler is on the market for $17.9 million – with the listing describing it as a 'steal for the international buyer' due to the current exchange rate, which puts the price in U.S. dollars at $13.1 million.
Irish singer Niall Horan had to ditch his car and walk to Scotiabank Arena where his concert was being held last weekend because the traffic was 'too bad' downtown.
A rave at the Ontario Science Centre was the place where Greg LeBlanc says his relationship first began with his husband Mark in 1997.
Travellers flying with WestJet continue to watch as the airline cancels more flights due to a sudden strike by its mechanics union.
The cleanup and remediation continues in Abbotsford, B.C., after firefighting foam spilled into a creek, killing fish and other aquatic life.
Mounties in Kelowna are warning the public after a local resident fell victim to an "elaborate" fraud last week.
This weekend's Money in the Bank will be a full-circle moment for Chelsea Green.
John Tzannis says he is lucky he wasn’t more seriously injured after a 14-year-old driver rear-ended him on Highway 401 in Mississauga, sending his work van spinning into a concrete barrier early Friday morning.
Peel police have made five arrests in connection with a series of “violent extortion incidents” that led to the formation of a dedicated task force this winter.
Two Halton Regional Police officers shot and killed a 29-year-old man after finding him stabbing another man with a knife in the living room of an Oakville home in March, the province’s police watchdog has found.
A woman in her 90s was killed in a collision with a CTrain in northeast Calgary on Friday morning.
Paladin security workers at the Calgary International Airport are rallying against their employer after they say the company refused to provide them with mandated bathroom breaks and access to water.
A Calgary preschool closed due to a suspected case of E. coli is set to reopen next week, as it says the case was a false alarm.
CTV News Ottawa’s chief news anchor Graham Richardson signed off for his last newscast Friday night.
Court documents are detailing for the first time the series of events that led to Hawkesbury doctor Brian Nadler being charged with first-degree murder in the deaths of four of his patients—charges he was acquitted of this week.
An Ottawa woman, who has survived cancer and has overcome addiction, has won $70 million with Lotto Max.
Montreal police say a suspect has been arrested after a man was stabbed with an "edged weapon" in the city's Village neighbourhood on Friday.
Mattel has partnered up with Grazy, a Quebec foodtech company that has created a special ice cream flavour to celebrate the 65th anniversary of the iconic doll Barbie.
An eight-year-old boy from Los Angeles had his vacation to Montreal include a dramatic moment when a creature swimming underwater bit him causing a bloody scene at Jean Dore beach.
The province and Legal Aid Alberta have agreed to extend their recently expired agreement by two months.
An investigation is underway after a child drowned in Wetaskiwin on Tuesday.
An Edmonton basketball coach has been charged with sexual assault, among other charges, after a teenage girl he was coaching reported that he'd assaulted her.
The Roman Catholic Church has been ordered to pay settlements totalling $104 million to 292 survivors of historical abuse in Newfoundland and Labrador, including those at the now infamous Mount Cashel orphanage in St. John's.
What seemed to be a minor passport issue turned into a major problem for a New Brunswick man who was denied a boarding pass from Air Canada.
A 24-year-old man from Timberlea, N.S., is wanted of a provincewide arrest warrant.
A nurse at Manitoba’s largest hospital is calling for better working conditions and a salary that can keep up with the cost of living, as thousands of nurses employed by Shared Health prepare to vote on a new contract.
The constant barrage of rain this year has left many Winnipeggers having to pump water out of their basements, including on Thursday when 42mm of rain hit the city in an hour.
One person was taken to hospital in critical condition after a serious collision on Friday.
A White City, Sask. family is raising awareness for youth mental health following their son’s death last month.
It has been 20 years since the disappearance of Tamra Keepness but the community continues to keep hope alive.
The Moose Jaw Police Service (MJPS) is warning children to stop playing doorbell pranks, as they could lead to serious consequences.
Locally-owned alcohol businesses are making adjustments to attract more customers while LCBO workers across the province are on strike.
An arrest has been made in the suspicious death of a 40-year-old woman in Brantford.
Hogweed is harmful to humans and, experts say, the invasive species has become a growing problem in southern Ontario.
Saskatoon police say the man accused of causing a crash that killed one woman and injured three others last month, did not have a valid driver’s license.
Greg Fertuck will spend life behind bars with no chance of parole until he is 90 years old, a judge ruled on Thursday at Saskatoon's Court of King's Bench.
For years, Highway 123 leading up to the northern village of Cumberland House has been notorious for being one of the worst highways in Saskatchewan.
Ontario Provincial Police are investigating after a pile of dead lobster was found on the shoulder of Highway 17 this week in northern Ontario.
An eight-year-old boy from Los Angeles had his vacation to Montreal include a dramatic moment when a creature swimming underwater bit him causing a bloody scene at Jean Dore beach.
An independent report into the 2022 Rogers outage says the company lacked several protections and redundancies that could have either prevented the outage or ended it sooner.
One person has died and another is injured after police in Woodstock, Ont. responded to multiple calls of "gunshots in the area." Around 7:30 p.m. on Thursday, police responded to Champlain Avenue between Athlone Avenue and Frontenac Crescent.
Some local producers of beer, wine, and liquor are taking a wait-and-see approach to the LCBO strike.
Norfolk County OPP are investigating an armed robbery that took place Friday morning around 7:20 a.m.
An early-morning fire closed the Cookstown Foodland grocery store on Friday.
Provincial police say a retired officer and an off-duty firefighter jumped into action to rescue a woman who had fallen into raging rapids in Minden.
A dump truck caught fire on Highway 400 near the Essa Road off-ramp.
For the first time in the history of the Liquor Control Board of Ontario (LCBO), unionized staff are on strike — including about 525 workers from Windsor-Essex and Chatham-Kent. In Windsor, strikers took to three picket lines at 7:00 a.m. Friday.
Firefighters in Amherstburg put out a wheat field fire earlier this week in the midst of the crop's harvest.
A pool of mosquitos collected on Wednesday has tested positive for West Nile Virus. Chatham-Kent (CK) Public Health said the pool came from a trap in Wheatley. It’s the first positive pool identified in Chatham-Kent this season.
British Columbia's power provider is planning to spend more than $3 billion on capital projects to upgrade and expand the electricity grid on Vancouver Island.
This weekend's Money in the Bank will be a full-circle moment for Chelsea Green.
To appreciate how Charlotte Friend ended-up painting unexpectedly, we need to go back to where she began raising her daughter Becca optimistically.
Mounties in Kelowna are warning the public after a local resident fell victim to an "elaborate" fraud last week.
Mounties are urging the public to be vigilant following a suspected gang shooting in B.C.'s southern Interior that left a 40-year-old man injured this week.
British Columbia residents are being told to brace for a coming heat wave that could send temperatures into the high 30s and beyond, with the government reminding people to check in on their neighbours.
Nearly 2,000 athletes will compete in 20 events over four days during the 2024 Southern Alberta Sumer Games. After months of planning, organizers are thrilled to welcome families from all over southern Alberta to Coaldale, Alta.
One of two men accused of conspiring to kill Mounties at the border blockade at Coutts, Alta., characterized the protest as a last stand and told his mother there “will be a war” if police moved in.
With the recent moisture and cooler temperatures, fire bans and restrictions in the Lethbridge area are no longer in effect.
A 62-year-old man from Elliot Lake, Ont., is facing multiple charges – including assault with a weapon – following an altercation with provincial police earlier this week.
Two Sault Ste. Marie, Ont., residents are facing impaired driving charges in two separate incidents on the 4th of July.
A 78-year-old from Elliot Lake, Ont., has been charged following an incident July 2 second at a local hardware store.
The Roman Catholic Church has been ordered to pay settlements totalling $104 million to 292 survivors of historical abuse in Newfoundland and Labrador, including those at the now infamous Mount Cashel orphanage in St. John's.
Opposition parties in Newfoundland and Labrador say they’re growing frustrated at the decision by health officials to move freezers of unclaimed human remains into an underground hospital parking garage.
Newfoundland and Labrador's Liberal premier is once again opposing a decision made by the federal Liberals — this time about the reopening of the province's commercial northern cod fishery.
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
